Economic Thinkers

Starting with Adam Smith and The Wealth of Nations, continuing to Malthus, Ricardo, Keynes, Hayek, Friedman, Sen and others, the timeless ideas of economic thinkers provide understanding of the contemporary economy.

What Lottery Winners and Losers Need to Know

Futher confirming that economics is everyday life, behavioral economists have explained why we buy tickets when we won’t be lottery winners.

The Cornhole BagGate Scandal

At this year’s American Cornhole World Championship, the cheating accusations could have the same impact as economic corruption claims.

Vinyl Records, Creative Destruction, and the GDP

About much more than music, the past history of vinyl records is about creative destruction while the present relates to a GDP headache.

All We Need To Know About Pumpkin Slingshots and Fall Farm Festivals

The incentives created by fall farm festival prices shape the money that families spend when they visit a farm on a beautiful autumn day.

How We Should (Not) Respond to Stock Market Losses

As we experience the pain of stock market losses, making it even worse, behavioral economists tell us we will sell at the wrong time.

Why North Korea Should Produce Giant Statues

The building in our featured image is affectionately called the Coffee Pot. Commemorating Namibia’s independence from South Africa, the structure was neither designed nor built by a Namibian. Let’s see why. North Korean Monuments Created by North Korea, the Coffee…

Where Inconspicuous Consumption Is Rather Obvious

Although the number of gigayachts is multiplying, they represent the inconspicuous consumption that makes more wealth less obvious.

What a Traffic Light Can Surprisingly Signal

Called laissez-faire, Adam Smith’s prescription for less government in the economy relates to an island with no traffic lights.

How Hamilton Gave Us Economic Independence

Alexander Hamilton gave us the economic independence that we also should have celebrated yesterday on July 4th.

What Lawn History Says About Status

Throughout history, in the United States and around the world, lawn history shows us why we want greener grass.