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.

Six Facts About Australia From The "World Cup of Everything Else"

In a long list of categories that they called, “The World Cup of Everything Else,” WSJ created brackets from the 32 World Cup teams and determined the winners. In 6 areas, Australia was #1 or #2: For life expectancy, Australia comes in…

How Big is the Leisure Gap Between Men and Women?

Our Monday gender issue focus Married or single, weekends and weekdays, men have more leisure time than women. Imagine a typical weekend. Yes, mom might spend a bit less time watching the kids and dad does do more housework. However, when it…

How Less Might Be More At the World Cup

In a study of the Barcelona Olympics, researchers concluded that winners of the bronze medal tended to be happier than the athletes who got the silver. Please look at the expressions (below) of the Olympic medal winners for the 200-meter individual medley at Beijing…

One Reason to Quit A Job

Have you ever gone through a series of phone messages that finally take you to the department you need? Then, after 5 minutes, 10 minutes, 15, no one picks up and you start to wonder if you should hang up. Deciding what…

What Golf in China Shows About Economic Development

On a ladder of spending in developing economies, growing affluence first means wheat and meat. Then, climbing somewhat higher, people can afford consumer durables like a washing machine and a car. On a Chinese spending ladder, we could add golf. But it is a…

The Impact of World Cup Soccer On Stock Markets

“Amongst all unimportant subjects, football is by far the most  important.” Pope John Paul II (1920-2005) European Central Bank researchers have hypothesized that World Cup Soccer distracts stock market participants. Using data on trading activity during the 2010 games from 15 International…

Prius Purchases and Conspicuous Conservation

Our Wednesday Environment Focus Reporting that Prius was the top selling car in California, Bloomberg said the reason was tough emissions standards. I wonder… In a 2011 paper, economists Alison and Steven Sexton compared voting patterns and Prius ownership in Colorado and Washington…

When Is Technology Transfer Okay?

During the 18th century, Sweden gave cash to its “spies” in England so they could buy copper and iron production secrets. Meanwhile, England issued a patent to a chemist who just returned from Russia with a new brewing method. Moving in the other…

Gender Issues: The Real Work Home Tradeoffs

Our Monday gender issue focus I can still recall reading Anne-Marie Slaughter’s explanation of why women could not “have it all.” Published almost exactly 2 years ago in The Atlantic, the article focused on Dr. Slaughter’s decision to leave a high level State Department position in Washington, DC.…

How Can You Add Value to Your Free Parking Space?

NYC has lots of cheap parking spaces. The result? I (and many like me) have circled blocks, added to greenhouse gases, used precious hours and exacerbated congestion, all to find an empty muni-meter or free spot. As UCLA Professor Donald Shoup has said through…