Elaine Schwartz
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Elaine Schwartz has spent her career sharing the interesting side of economics. At the Kent Place School in Summit New Jersey, she was honored with an Endowed Chair in Economics. Just published, her newest book, Degree in a Book: Economics (Arcturus 2023), gives readers a lighthearted look at what definitely is not “the dismal science.” She has also written and updated Econ 101 ½ (Avon Books/Harper Collins 1995) and Economics: Our American Economy (Addison Wesley 1994). In addition, Elaine has articles in the Encyclopedia of New Jersey (Rutgers University Press) and was a featured teacher in the Annenberg/CPB video project “The Economics Classroom.” Beyond the classroom, she has presented Econ 101 ½ talks and led workshops for the Foundation for Teaching Economics, the National Council on Economic Education and for the Concord Coalition. Online for more than a decade. econlife has had one million+ visits.

What Legislators Spend on Themselves

A small part of fiscal policy, Senate and House spending on themselves nonetheless is enlightening because of its message.

The Best Places For Growing Old

With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.

All You Need To Know About the World’s Social Security Systems

Showing adequacy, sustainability and integrity for pension systems, a Melbourne Mercer Global Pension Index infographic ranks retirees’ entitlements.

The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

Surprising Economic Indicators

While the BLS has leading, lagging and coincidental economic indicators that it follows, the MUI and the lipstick index can also be an economic indicator.

When Does Practice Really Matter?

Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.

Our Weekly Roundup: From Cheap Gas to Expensive Soda

This week’s everyday economics stories include subsidies, human capital, game theory, price controls, inelastic demand, and monopolistic competition.

Problems With Sugary Drink Taxes

To avoid inelastic demand, a sugary drink tax would need to increase price substantially. Current taxes that average less than 5% have little impact.

How to Own the Word How

The courts will decide intellectual property rights when they say whether Dov Seidman can trademark the word How and stop Chobani from using How Matters.

The Expensive Side of (Venezuela’s) Cheap Gas

Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people’s incentives and national tradeoffs.