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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.

Adam Smith and Wine

Known for his absentmindedness, Adam Smith seemed always to be pondering economic issues. According to The Economist, not always. In their December 17 issue, Smith is quoted in an article on the histo…

Paul Samuelson's Nephew

During a recent interview, Larry Summers, Director of President Obama’s National Economic Council, (former economics professor, president of Harvard, Secretary of the Treasury) spoke about his f…

Freshwater or Saltwater?

Smith or Keynes? Free market or government fine-tuning? If you are the latter, you can say you are a saltwater economist. A recent article from Paul Krugman (NY TIMES MAGAZINE; 9/06/09) characterizes …

Are We All Keynesians?

According to the Yardeni newsletter, in 1965, A Time Magazine cover story was titled, “The Economy, We Are All Keynesians Now”. Even Milton Friedman was quoted as saying, “We are all…

Ranking China

Look at your dining table or your clothing and you might see “Made in China”. Thinking of all they are producing, a market economy might come to mind. Next, though, take a look at the Inde…