Adam Smith

July 19, 2014

Our Weekly Roundup: From Traffic Lights to Sneakers, Everyday Economics Explained by 5 Great Economists

Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more   7.15.14 Why David Ricardo would approve of where your […]

July 14, 2014

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 […]

May 6, 2014

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 […]

May 1, 2014

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 […]

April 9, 2014

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 […]