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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, NJ, she has been honored through an Endowed Chair in Economics and the History Department chairmanship. At the same time, she developed curricula and wrote several books including Understanding Our Economy (originally published by Addison Wesley as Economics Our American Economy) and Econ 101 ½  (Avon Books/Harper Collins). Elaine has also written 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.

Inflation Stories

Arrive at a supermarket at the same time everyday? Require cash instead of credit?  Stop making beer? Why? The answer to each question is INFLATION. We are told that the Fed is always worried abo…

More Deja Vu

With the NY Times saying, “…Britain Keeps Welfare For the Well-Off,” the original Social Security debate comes to mind. Appointed by FDR in 1934, the Social Security Task force had a…

Fiscal Commission Deja Vu

On Amazon (“gift wrap available”), you can purchase the 1995 “Final Report to the President” of the “Bipartisan Commission on Entitlement and Tax Reform”. During Fe…

The Big Tradeoff

During the 2008 presidential campaign, when asked who is rich, John McCain jokingly said the dividing line was $5 million while Barack Obama said $150,000. Now, referring to proposed tax legislation, …

Incentive Matters

Economics always seems to relate to incentives. Whether looking at demand and supply, or health care policy, or international trade, always we can return to how incentives shape our behavior. This tak…

More Than Chicken Feet

Chicken feet are back in the news. But the story is about much more. A delicacy in China, chicken feet are a perfect U.S. export. Except for animal feed, there is little demand for them in the U.S. By…

Popcorn Margins

Higher quality film? Better projectors? Online ticketing? No. The “most important technological innovation since sound” was the armrest cup holder (according to a movie theater owner). Ple…

V.O.D. Wars

Usually, for an average of 120 days, theaters have an exclusive right to show a movie. Then, for about $4.99 we can use video-on-demand to see it on television. It sounds simple but so much more is ha…

What Does Quantitative Easing Do?

A quantitative easing limerick: “I’m afraid,” said Bernanke to Geithner, “The debt crisis still has lots of bite in ‘er. Though it may cause some ranklin’ I’l…

Obesity Concerns

The new vending machine at a Mason, Ohio high school only sells carrots. At 50 cents a bag, “they are selling like hotcakes”. Is it because the baby carrot video ads are amazing or that no…