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http://valuingeconomics.blogspot.com/ - Ideas and discussions about economic and financial literacy issues.
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I think this story from The Financial Post about Somali pirates setting up a "stock exchange" has a lot of possibilities. (HT to Arts & Letters Daily .) It provides a platform to launch discussions on a variety of concepts. The author examines risk and reward, ...
Other
Risk Management
The Financial Modelers' Manifesto
I was at the Board of Governors yesterday watching the College Fed Challenge final. (Congratulations to Lafayette College for winning and for the other finalists Harvard, Northwestern, and Rutgers.) I was reminded that the Senate begins confirmation hearings for Fed Chairman Ben ...
Government
Ben Bernanke
Federal Reserve
Financial Crisis
Universal Banking
Many of you are already aware of this, I'm sure. But it is a tradition on this blog. PNC Wealth Management has released its annual Christmas Price Index , tracking the cost of Christmas as set forth in the classic 12 Days of Christmas. It has games and lesson plans to use with the ...
Stocks
PNC Financial Services
Financial Crisis
And speaking of the cost of Christmas, check out this link . Someone is all for helping the economy.
Other
Financial Crisis
Rather than update existing posts, I'm going to follow-up on two items from yesterday. The first relates to yesterday's post about the "Agent-Principal Problem." In addition to the clip from The Office linked in yesterday's post, you might want to look at this piece from yesterday's edition of ...
Other
Financial Crisis
This strip would seem to indicate that too many options can create problems when making choices. It also illustrates that some don't see voluntary exchange as a "win-win". One suspects some information asymmetries here.
Other
Steve Horwitz at The Austrian Economists blog has some enlightening information culled from Census Bureau data, and he's spread it out over three posts. In the first , he looks at the percentage of U.S. households below the poverty line that have certain appliances. His thinking is that these ...
Government
Financial Crisis
The current economy has given teachers ample opportunity to reference the "big names" in economic theory - Smith, Keynes, Friedman, Samuelson. It has even provided some renewed interest in less-known although not less-important thinkers like Fisher and Schumpeter. But what has made this ...
Stocks
As you know, the "agent-principal problem" arises from a misalignment of incentives. One of our readers has identified a clip from the television show, The Office that illustrates the agent-principal problem quite nicely. The relevant section is 9:25 to about 15:05. While I don't watch ...
Other
According to stories from The Washington Post and The Wall Street Journal (subscriber content at time of writing), more of you were out there on Friday, but you spent less. Let's see how Cyber Monday goes, as well as the rest of the shopping season.
Other
Financial Crisis
As dad to a young man with a disability, I am often drawn to stories about people with disabilities who find or are given ways to succeed and achieve a level of independence. And when I don't find them on my own, others bring them to my attention. This story I found on my own. It's from today's ...
Stocks
Unemployment
Financial Crisis
Ford Motor Company
valuingeconomics.blogspot.com - 7 days ago
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valuingeconomics.blogspot.com —
My friends know I'm a college football fan.
And one of the top stories this weekend is...
the fate of Notre Dame head-coach, Charlie Weis. The Wall Street Journal included this piece in today's edition. It basically shows what else could have been purchased with the compensation Coach Weis is ...
(more)
"Opportunity Cost" at Notre Dame
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Rover
found this 7 days agofound this
Rover
found this 7 days agofound this
When we teach money, either in a personal finance or an economics class, we frequently give little time to the whys and hows - why we use money and how it has evolved to its current state. And we often ignore some of the interesting paradoxes that it engenders. This would appear to be a book ...
Other
Financial Crisis
Universal Banking
there is a series on Big Think on The Science of Savings . I will have to admit, I just found it and I've not had time to do more than peruse it. But the subjects and the people being interviewed are both enough to draw my attention. If it's half as good as I think it will be, it ...
Other
Financial Crisis
Universal Banking
Here is an interesting "decision-tree" matrix on fast food (HT to Chartporn ). Some of the questions might make it inappropriate for some classes. But you may get a chuckle out of it. And if you do find it usable, all the better. I welcome your thoughts on its usability.
Other
Financial Crisis
As economies change, the need for skills can change. This cartoon might be an example of a chicken-or-egg situation, but there's a clear message. What do you think?
Other
I ran across two items that might be of interest to you. The first is a paper from a pair of Harvard professors. (HT to Greg Mankiw .) Their research is noteworthy for its conclusion: "Fiscal stimuli based upon tax cuts are more likely to increase growth than those based upon ...
Other
Financial Crisis
Harvard University
For those of you looking for an unusual gift for that hard-to-buy for economics fan, give this a look. Check this out. HT to the Austrian Economists by way of Marginal Revolution .
