The Market System

July 14, 2014
traffic lights and Adam Smith's Laissez-faire
Published by Elaine Schwartz at July 14, 2014
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Adam Smith and Traffic Lights

Located 30 miles from Cape Cod, Massachusetts, the island of Nantucket has no traffic lights. Instead, drivers respond to stop signs, rotaries, and courtesy. More often […]

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May 27, 2014
In the major sports leagues and for golf, there is a top 1% and income inequality that can be measured with Gini Coefficients.
Published by Elaine Schwartz at May 27, 2014
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The Income Inequality That Doesn't Bother Us

When people talk about the top 1%, they are probably not thinking about NY Yankees shortstop Derek Jeter or Seattle’s MLS forward, Clint Dempsey. For 2014, Jeter signed a […]

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April 9, 2014
Salamander ant prey
Published by Elaine Schwartz at April 9, 2014
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The Big Impact of a Little Salamander

The woodland salamander made me think of Adam Smith. In North American forests, wherever it is dark and damp, under a rock or a log, a […]

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November 11, 2011
Published by Elaine Schwartz at November 11, 2011
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Car Rentals and Cuban Houses

Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental […]

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