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.

Is More Security Too Expensive?

Great cost benefit analysis in yesterday’s Wall Street Journal. How do we decide whether the cost of intensified airport security is worth the benefit? 1. The TSA says that one life saved is worth $3 million spent. That means, though,…

Comments On Today’s News

A1 NY Times From a town clerk in Genesee, Wisconsin:

Top Ten Economics Bloggers

Reading the “Top Ten Economics Bloggers by Scholarly Content”, I wondered what makes a good economics blogger. Daily, the first blogs that I go to are Mankiw and marginalrevolution.com. I am especially impressed by Mankiw’s Blog. He is civil, his…

No Need For Psychiatry; Just Ask Dr. Economist

In today’s Notes post, the link is to Dear Economist, written by Tim Harford for the Financial Times. Using economic ideas to provide answers about love and life, he proves that economics is about so much more than money. Opportunity…

The Significance of a Big Mac

Listening to Part 1 of

Adam Smith and a Physician’s Pay

Pondering healthcare reform again, I came across this comment from Adam Smith, 1776, WEALTH OF NATIONS: 22] We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could…

A Rule to Remember?

Resembling the disagreement between Paul Krugman and Greg Mankiw on healthcare reform, the debate surrounding the Taylor rule has become somewhat spirited. Yesterday, Ben Bernanke even focused on it during a section of his talk to the American Economic Association.…

Econ Humor

From Dave Barry in the Washington Post: “It was a year of Hope — at first in the sense of ‘I feel hopeful!’ and later in the sense of ‘I hope this year ends soon!’” “It was also a year…

Working Women

A January 3rd article from THE ECONOMIST, “Female Power,” focuses on women in the “rich world”. http://www.economist.com/opinion/displaystory.cfm?story_id=15174418 For example… -More women work. In the U.S. women compose 51% of professional workers. -Contraception makes work possible. -The “vacuum cleaner” makes work…

Cheap Health Care!

A recent “Investor’s Business Daily” article includes a great graph. Downward sloping, the graph represents health care spending by consumers. While aggregate spending skyrockets, individuals are paying less out of pocket. http://www.investors.com/NewsAndAnalysis/Article.aspx?id=516427 You see where this is going and what…