Economic Ideas

January 12, 2014

Which College Grads Have Unemployment Problems?

With a 6.7% unemployment rate and 74,000 jobs created for December, are you okay if you have a bachelor’s degree? I discovered some answers in a […]

January 11, 2014

Happy Birthday to a Great Father (of our economy)

When you sing happy birthday to Alexander Hamilton today, please just think of an upward sloping (logarithmic) economic growth line:   Today, 257–or maybe 259–years ago […]

January 6, 2014

The Invention That Started to Close the Gender Gap

Worrying that labor saving devices would replace her, Downton Abbey’s cook, Mrs. Patmore, was not pleased with the new electric mixer that arrived in her kitchen […]

January 5, 2014

One Reason That Geography Matters

Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan […]

January 4, 2014

Do You Live in a Popular State?

Listening to Bloomberg news the other morning, I heard that Atlas Van Lines just came out with their annual migration study. The radio report said New […]

January 3, 2014

Income Inequality Questions

Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. […]

October 22, 2013

Restaurant Economics: How to Make 1500 Meals a Day

At 2 am, converging at the delivery entrance of Balthazar in NY’s SoHo are mussels from New Zealand, russet potatoes from Idaho, steak from the Midwest and chicken breast […]