Microeconomics

May 15, 2014
Experience of a babysitting co-op with scrip provides a monetary policy lesson and a debate
Published by Elaine Schwartz at May 15, 2014
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The Monetary Policy Mistakes of a Babysitting Co-op

There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers […]

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May 14, 2014
The externalities created by attempts at energy efficiency can be positive or negative.
Published by Elaine Schwartz at May 14, 2014
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Energy Efficiency Surprises

Our Wednesday Environmental Issue: Trying to optimize energy efficiency, we might have unexpected results. First, where we live… Referring to an environmentally friendly community where he once lived, New Yorker writer […]

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May 6, 2014
Gary Becker opened a new world when he used economics to study human behavior
Published by Elaine Schwartz at May 6, 2014
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The Rotten Kid Theorem and Other Gary Becker Ideas

Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you […]

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May 4, 2014
Disposable Income can be hand-to-mouth for households with illiquid wealth
Published by Elaine Schwartz at May 4, 2014
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Surprising Hand-To-Mouth Households

Close to one third of all households (38 million) in the US live hand-to-mouth. Like me, perhaps you have always assumed that a hand-to-mouth (HtM) household […]

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May 1, 2014
Resource allocation involves similar concepts whether personal, for business or a country.
Published by Elaine Schwartz at May 1, 2014
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How To Divide the Rent, a Cake and a Country

Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a […]

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April 28, 2014
Political gender equity improves human capital far beyond politics
Published by Elaine Schwartz at April 28, 2014
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Why Do We Need More King Peggys?

Our Monday Gender Issue: Having a woman as the king of an African fishing village can make a big difference. During 2008, a secretary who works […]

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April 27, 2014
In Russia now, and 35 years ago in the US, stagflation is a tough problem.
Published by Elaine Schwartz at April 27, 2014
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When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary […]

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April 25, 2014
A simple and efficient way to do income taxes
Published by Elaine Schwartz at April 25, 2014
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The Reason For An Income Tax Default (Form)

In Denmark, the government automatically prepares people’s taxes. Because they already have the data they need, the tax authority calculates everyone’s income taxes and sends them […]

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April 20, 2014
everyday economics and the birth rate
Published by Elaine Schwartz at April 20, 2014
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Which Countries Want You to Have a Baby?

It is a recipe for demographic disaster when you have too many old people and not enough babies. The problem is the size of the working […]

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April 18, 2014
Everyday economics aging demographic
Published by Elaine Schwartz at April 18, 2014
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China’s Demographic Flipflop

The wait list for the most popular retirement home in China has topped 10,000. With 1100 available beds and just 11 beds emptying annually, it could […]

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April 16, 2014
economic news roundup and water shortages
Published by Elaine Schwartz at April 16, 2014
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How To Cope With (Water) Stress

Being water stressed means you are unusually vulnerable to a water shortage. Sort of like a household where one emergency can push it over the edge because it […]

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