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.

A Macro-difference With Micro-insurance

Listening to a recent segment of Marketplace.org (1/15.2010), I heard about microinsurance. The concept sounds like win/win for everyone. With more resilient structures, Haitians can purchase microinsurance policies that cost $1 to $2 a day. Correspondingly, a Lloyd’s report cited…

Deja Vu Glass-Steagall?

Thinking back to Glass Steagall (and related 1930s legislation) which was formally repealed in 1999 (summarized in “It’s Complicated”, my 1/17 blog), there were five problem areas that sound remarkably similar to today’s challenges: 1. Abuse of diversified investment services.…

Responding to the Sound of a Price

Does $2.22 sound very different from $2.33? The answer is yes. In a soon-to-be-released study by Keith Coulter of Clark University and Robin Coulter of the University of Connecticut in The Journal of Consumer Research, research indicates that shoppers expect…

Some Medical History

late 1940s: Harry Truman proposed (unsuccessfully) what is now called a single -payer plan. Congressmen Richard Nixon and Jacob Javits supported (unsuccessfully) a government

A Mozart String Quartet and Health Care

A question: How does a Mozart String Quartet resemble health care? The answer: Both have Dr. Baumol’s Cost Disease Eighty-eight year old economist William J. Baumol expressed concern in today’s NY Times about health care cost control. Comparing health-care to…

The North Face v. The South Butt

The North Face is suing The South Butt for trademark infringement. Concerned that there would be

Nixon’s Pressure Cooker

Just an interesting fact: Hearing that President Obama was concerned about preempting the sixth season premiere of “Lost”, I remembered that Richard Nixon had a similar situation. In 1971, when the inflation rate had reached 5.7%, he decided to impose…

It’s Complicated

Oversimplification concerns me. Some people are saying we should resuscitate Glass-Steagall. Passed in 1933, the Glass-Steagall Act (Banking Act of 1933) prohibited commercial banks from engaging in investment banking activities and created the FDIC. Also a part of 1933 legislation,…