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.

Not Always Dismal

From assorted sources, I share the following: 1. Poetry on the housing crisis from Karl Case (the Case in Case-Shiller Home Price Index) An excerpt: Fannie and Fred were always ahead, Then Countrywide got in the fray. Then Lehman and…

PIIGS at the Trough

Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that…

Silent Salons

The Spanish Society of Authors (SGAE) receives a steady stream of income from Spain

Equal Pay For Equal Work?

Having read that “Women Now A Majority In American Workplace” (NY Times, 2/6/10, A10), I wondered how much the wage differential had changed from the 1980s when women’s weekly earnings averaged close to 70 percent of men’s. The Institute for…

A More Stylish Barbie

According to a recent WSJ article, Mattel

Is The Unemployment Rate Accurate?

My class has wondered, with a civilian labor force of over 150 million people, how unemployment statistics can possibly be accurate. Tomorrow

Unemployment History

With unemployment data scheduled for a Friday release, it might be helpful to place the numbers in perspective. The Dallas Fed has illustrated the following conclusions through a series of graphs comparing employment trends now to past recessions. 1. The…

Recent Black Swan Events

Thinking about probable new financial regulation, I remembered Nassim Nicholas Taleb

Can Less Become More for the Federal Reserve?

Econ talk lecture (January 11, 2010) http://www.econtalk.org/archives/2010/01/belongia_on_the.html Michael Belongia, University of Mississippi economics professor (and past St Louis Fed ecoonmist) interviewed by Russ Roberts It was a good interview. (a little longer than one hour) I was most impressed by…

J.D. Salinger and the Estate Tax

Reading J.D. Salinger’s obituary, I thought about the estate tax and then beyond to a Mark Helprin interview last June. Have you wondered, with the 2010 suspension of the estate tax (called by some the “Throw Momma From the Train…