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Showing posts from October, 2014

What Would Uncle Miltie Say?

I’m having a serious flashback to my days as an undergrad economics major at Princeton University in the late 1970s. Two data points came together in recent weeks to make me to think about the concept of the "Multiplier Effect," part of the academic baggage that I put behind me as soon as I graduated in 1980 as the most mediocre economics major in Princeton’s long history.

First, I read a profile of Nobel Prize-winning economist Kenneth Arrow in the September issue of Finance & Development magazine, published by the International Monetary Fund. Writer Janet Stotsky, formerly with the IMF and now a consultant on fiscal, women and development, and microeconomic topics, outlined Arrow’s contributions to economic thinking. She wrote of Arrow’s 1972 prize,
The Nobel committee cited the work of Arrow and British economist John Hicks in two areas: general equilibrium theory, which seeks to explain how prices are set across an economy, and welfare theory, which analyzed the opti…

A Farewell to Camo

I couldn’t sign in to Gmail. I couldn’t check street directions. My cell phone photos were lame. I couldn’t IM on the run.

In short, I had a very old cell phone that worked well for calls and texts and not much else. While my LG Chocolate had served me loyally since early 2010 (early Jurassic period in cell phone years), I felt increasing pressure to trade up (way up) to a new-fangled smart phone. Every time I looked at the Verizon Wireless site, I promptly got emails and even calls enticing me to get something fresh and new.

Finally, something clicked, or snapped, and last weekend I became the proud owner of a Samsung Galaxy S5 from Costco.

The oddest part of the change involved not the phone, but the cell phone holder. While the Galaxy is my fifth cell phone since 2001, I have had the same cell phone belt holder since 2003. It’s been a faithful companion, literally by my side for 11 years through untold tens of thousands of miles of train commuting plus trips to Brazil, Mexico, Cana…