Robert Solow: Finding the Formula for Economic Growth

Let’s talk about all the crazy things that are happening in Korea. No, not North Korea, they get enough attention for much less amazing things. The economy in South Korea has exploded since the Korean War. In just 60 years, they’ve gone…

Gary Becker: Why You Are A Criminal

Being dumb and being irrational are two different things.

Herbert A. Simon: Navigating the Maze

Recently, I embarked on a long road trip. When you spend more than five hours on the road…

Ragnar Frisch: A Love Affair Between Economics and Statistics

In economics, we’re all Frischians too.

Paul Samuelson: A Titan for Trade

One of the subjects of focus for Americans this past year was international trade. The United States trades with many countries around the world, and trade deals with those countries solidify the terms under which the two nations agree to trade. However, these trade…

It Matters How You Get There: McFadden and the Metro

Daniel McFadden’s contribution to economics.

Gunnar Myrdal: The Moral Economist

Economics isn’t just about prices and quantities.

Milton Friedman: The Man Who Can’t Be Moved

Friedman was a rare economist — one who was able to…

It Depends: The Kahneman Frame of Mind

In 2002, cognitive psychologist Daniel Kahneman was awarded the…

Richard Thaler: What the Nudge?

You know what really gets an economist excited? Models.