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 Electric Vehicle Switch

Seeing your new EV, you might find it difficult to imagine the huge changes that an electric vehicle switch required in the factory.

When We Don’t Need Traffic Lights

Having recently driven in Manhattan (NYC) and now on Nantucket (an island located 30 miles from the coast of Massachusetts), I’ve been pondering the difference a traffic light can make. In NYC, the traffic lights are constant signals from government.…

The Economic Lenses That Divide Us

Knowing that what we see can determine what we believe, the four economic lenses that separate us display why it’s tough to agree.

Our Surprising Response to More Safety

When we feel protected, safety regulations can encourage the risky behavior and unintended consequences that they are trying to prevent.

Why We Have a Chores Gap

Especially evident during pandemic lockdowns, at home we have a chores gap that determines who does the housework.

An Innovation That Stuck

Accidentally inventing the Post-it Note, two scientists and one large corporation demonstrated where an innovation can take us.

How Reese’s Pieces Are Like Ray-Bans

With tectonic shifts in the TV and film business, movie product placement has remained a dependable marketing tool.

Why You Should Bet On a Vaccine

Giving us unbiased insight about the future, vaccine prediction markets can help us predict when the economy could return to normal.

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.…