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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.

Social Insecurity: Part 2

The average social security check received by a retired grandma is $1169. Multiply that by 35 million recipients, add to it other social security obligations, and this year, you have more money leavin…

Success

In a  wonderful NYC Radio Lab podcast about success, Malcolm Gladwell also explains why genius is closely related to love. Recorded at the  92nd Street Y in NYC, writer Malcolm Gladwell…

Wind Farms

What if peak wind for your wind farm equals peak demand? Good? Not necessarily. The key is timing. According to a NY Times article, certain wind installations have to “dump energy late at n…

Government Rules

What is a “systemically important” financial institution? 2300 pages of financial regulation do not specifically tell us. Instead,regulatory agencies will have to decide. One study indicat…

Euro Notes

$1 million in $100 bills weighs 22 pounds. In $500 bills, $1 million would weigh 4.4 pounds. But the U.S. does not circulate $500 bills. The EU does. According to the WSJ and NPR’s Planet M…

Son Preference

If there are 122 men for every 100 women, how do you find a wife? According to a Columbia University professor, in China, you save. Economists have been asking why Chinese households save so much̵…

Kindergarten Matters

Several months ago, we asked if law school was a good investment. Now we can ask the same question about kindergarten. Saying that adult outcomes count while test scores do not, Harvard economist Raj …

Consumer Financial Protection

I have been curious about why the new Bureau of Consumer Financial Protection (BCFP), established by the Dodd-Frank financial reform bill, is an independent bureau within the Federal Reserve. While I …

A Chocolate Squeeze

One person might have purchased enough cocoa to make 5 billion chocolate bars. And, he is not even in the candy making business. Instead, he is doing what financial speculators have tried to do for ce…