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.

The Mystery of the Disappearing Auto Industry Jobs

GM targeted 2035 for going all electric. Ford said the same for 2030 but only in Europe. Now Volvo tells us that it will sell battery only cars by 2030. To buy one, we have to go online where price…

A China Trade Deal Update

Tariffs and trade deals can have unintended consequences. The Trump tariff war was not supposed to send jobs to China. However, Tesla responded in 2018 to China’s 25% retaliatory tariff on U.S. autos with a quickly completed plant in Shanghai.…

COVID’s Divorce Rate Surprises

I suspect that you (as did I) will  find the newest numbers on the divorce rate rather surprising. Six Facts: Covid Divorce Rates 1. Pre-Pandemic for the U.S. Before the pandemic began, divorce rates had been trending downward:   2.…

What We Can Learn From a Strawberry Contest

Our story starts with a tomato and ends with a strawberry. They both relate to farm productivity. And that could be the problem. Growing Fruit Tomatoes Close to 90 years ago, a tomato grower noticed that one of her (his?)…

Why Amazon Is Buying a Freighter Fleet

Just 16 years ago, we needed a $25 minimum order to get Amazon’s free Super Saver Shipping for an 8 to 10 day wait. An extra $9.48 got us two-day delivery and $16.48, one day. But then in 2009, they…

Santa’s Unfair Trade Practices

On Christmas Eve, Santa will visit approximately 160 million children. Traveling at nearly 6,214 miles an hour, he will cover 19.3 million square miles. Along the way, he has to stop, drop off each of his 20 tons of presents,…

Where Mount Everest Economics Take Us

Whether looking at its newfound height, the traffic jams, or the role of Nepal, Mount Everest always takes us to the margin.

Apple’s Goldilocks Strategy

A behavioral economist can explain why a pricing strategy can become a legend when it relates to a bread making machine.

Why It’s Tough To Eat Less (Real) Chocolate

When the fight against obesity comes down to a battle against chocolate consumption, winning will be tough.

The $1.9 Million Pigeon

When two Chinese businessmen both want the same birds, racing pigeon prices can go sky high into the stratosphere.