Topic: Adam Smith

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Can Adam Smith save your marriage? Four steps of 'Spousonomics'

Every marriage is a little business. "Economics is about how to allocate scarce resources," says Paula Szuchman, coauthor with Jenny Anderson of "Spousonomics: Using Economics to Master Love, Marriage, and Dirty Dishes." "That's what married people are trying to do, given that they have limited resources – time, money, patience." Marriage experts and even economists aren't ready to replace Dear Abby with Adam Smith. "Marriage is more than an economic transaction." says Raymond Fisman, a Columbia University economist. Still, he's a fan of the book. Test these four economic principles on your marriage:
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Green Economics
Anti-dumping policies can have environmental consequences

Anti-dumping laws don't protect the environment in every industry. In some cases, such restrictions can actually do harm.
The Paul Ryan 2012 budget: What he learned in 2011

The Paul Ryan 2011 budget sounded like a graduate thesis on statistical steroids. Paul Ryan's 2012 budget is an 80-page campaign commercial.
Robert Reich
The GOP is confused about public morality

The real threat to American morality is what's happening in corporate board rooms, not people's private lives.
Africa Monitor
Fiery South African youth leader suspended, but the fire remains (+video)

Suspension of ANC Youth League leader Julius Malema may soothe South Africa's political and economic elites. But guest blogger Zama Ndlovu says youths won't remain silent. 
Green Economics
Can California meet its lofty energy goals?

By the year 2020, legislation requires that 33% of the California's power come from renewable sources, such as wind and solar. Can it be done?
Green Economics
For Egypt, China is threatening the Nile

By buying land in Sudan and Ethiopia to raise grain, China is threatening to appropriate Egypt's water source.
Classic review: Being America

How does the rest of the world see America?
Insider stock trading case: Rajaratnam bragged on tape

Insider stock trading tip led to a $1 million profit in a single day, according to prosecutors in the Rajaratnam insider stock trading case.
Can Adam Smith save your marriage? Four steps of 'Spousonomics'

Every marriage is a little business. "Economics is about how to allocate scarce resources," says Paula Szuchman, coauthor with Jenny Anderson of "Spousonomics: Using Economics to Master Love, Marriage, and Dirty Dishes." "That's what married people are trying to do, given that they have limited resources – time, money, patience." Marriage experts and even economists aren't ready to replace Dear Abby with Adam Smith. "Marriage is more than an economic transaction." says Raymond Fisman, a Columbia University economist. Still, he's a fan of the book. Test these four economic principles on your marriage:
The Adam Smith Institute Blog
Could 'charter cities' help poor countries blossom?

Even when Hong Kong was under British rule, neighboring China benefited from its economy. Would the same model work in the rest of the developing world?
ThinkMarkets
Carl Menger still woth reading

It's the 171st birthday of the founder of the Austrian School of Economics, and his work is still relevant.
The Adam Smith Institute Blog
Saving Adam Smith's house

How much of the 18th century philosopher's Edinburgh home should be renovated for public access?
Green Economics
Green energy vs. the dirty status quo

Can green energy find its own market without the government's help?
State of the Union shows Obama is now pro-business. He should be pro-growth.

In last night's State of the Union address, President Obama urged greater US competitiveness. But there's a big difference between cozying up to businesses and promoting policies that foster economic growth.
The Adam Smith Institute Blog
The genius of Adam Smith

Adam Smith's Wealth of Nations is now available as a free e-book. Why bother reading something so old? Here's why.
The Adam Smith Institute Blog
Tax and spend destroys living standards

Why do governments keep believing that government spending can buy our way out of economic crises?
Don't understand the economy? It's not your fault.

Even economists don't fully understand the complicated global economy..
Progressives don't really get progress, but the American people do

Progressives claim to have a monopoly on progress – designed by intellectuals who 'know better' and brought about by a big, beneficent government. But Americans voted in last week's elections that this brand of progress actually impoverishes, and that a free market is much smarter.
The Vote
Alex Sink cheats in Florida debate. Will it matter?

During a commercial break in a debate with Florida gubernatorial candidate Rick Scott Monday night, Democrat Alex Sink received a text message from an aide. The 'foul' may be a touchstone for some voters.
Gubernatorial hopefuls Rick Scott and Alex Sink hurl mud in last debate

Florida gubernatorial hopefuls Rick Scott and Alex Sink spent most of their Monday night debate hurling insults at one another.
ThinkMarkets
What's fueling political attacks?

Two fundamental visions of human nature lie behind political rhetoric: Do limited individuals need institutions like markets to aggregate the knowledge of many? Or can humans unlimited in both intelligence and morality decide what's best for society?
Vox News
Stephen Colbert on Capitol Hill: Did he help migrant workers?

Yes, Stephen Colbert made members of Congress visibly nervous (not good), but he brought cameras and a penchant for one-liners (very good) to help the cause of migrant workers.
The Adam Smith Institute Blog
Gold glitters, but should we trust it?

What would it take to go back to a gold standard?
The Circle Bastiat
Feel clueless about economics?

There's no free lunch, but here - at no cost* - find the nine fundamental principles of economics. It's like Economics 101 without the college tuition.
ThinkMarkets
Understanding markets: Does regulation make sense?

Does the preference for constraint through centralized direction betray a profound misunderstanding of the way markets work?