Innovation: An “Assembly Line” for Taiwan’s Orchids

“One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head;… Those …persons, therefore, could make …upwards of forty-eight thousand pins in a…

Economic Thinkers: Robert J. Shiller and the Nobel Prize

This week, Robert Shiller received a call from Adam Smith. Really. Shortly after hearing he had been one of three economists selected to receive the 2013 Sveriges Riksbank Prize in Economic Sciences, Dr. Shiller was called by Adam Smith. A Nobel interviewer,…

Economic Thinkers: The Coase Theorem and Prince

Assume for moment that you are in a college dormitory. You have a final exam tomorrow and someone in a nearby room is playing very loud music. Most of us would say that the music maker has to stop. Nobel…

Confirmation Bias: Economic Thinkers

I have been having fun with an economics quiz. All you have to do is answer at least 20 questions out of 100 to identify the economist whose ideas are most similar to yours. (All links are below.) But first,…