Economics | St. Louis Public Radio


Jim McKelvey is the co-founder of LaunchCode, a St. Louis-based company celebrating its fifth anniversary this October.

LaunchCode, an organization headquartered in St. Louis, celebrates its five-year anniversary this week. The nonprofit helps people enter the tech field by providing education and job placement services.

“We’ve got over 1,400 careers that we’ve launched so far in the five years that LaunchCode has been [in St. Louis], but that doesn’t count the people who have taken our training and gotten placed elsewhere,” explained entrepreneur and investor Jim McKelvey.

Along with fellow St. Louisan Jack Dorsey, McKelvey is the co-founder of Square and founder of LaunchCode, a company McKelvey started because St. Louis lacked a skilled workforce adept at programming.

Kelly Moffitt | St. Louis Public Radio

Whether you admire or admonish them, the wiz kids of Wall Street have been fodder for conversations around the American dinner table for decades. Who was responsible for making it such a hot topic?

On Tuesday’s “St. Louis on the Air,” host Don Marsh discussed some of the 14 “financial visionaries” that author Edward Morris has identified as the critical figures who “wrote the rules of American finance.”

Aine O'Connor | St. Louis Public Radio

If you don’t know Robert Reich from his term as the 22nd U.S. Secretary of Labor under the Clinton administration, perhaps you’ve heard his commentaries on “Marketplace.” The economist and scholar has written fifteen books on the state of the American economy and recently released his sixteenth, “Saving Capitalism: For the Many, Not the Few.”

(via Flickr/Tracy O)

A new study from the Federal Reserve Bank of St. Louis finds families with higher levels of education attain more wealth, and that the wealth gap between educational attainment levels is growing.

But the authors also stress that education alone does not explain the differences in these outcomes.

(Courtesy; University of Chicago)

It’s Tuesday, the day when we poke our heads out of the offices of St. Louis Public Radio and review some of the other stories brewing in the economy that have piqued our interest.

First up is news that a very important economist has left this earth. Nobel Laureate Gary Becker died on Saturday. He is most notable for his economic theories that tried to explain human behavior, tackling questions that went way beyond supply and demand. The University of Chicago professor studied things like crime, racial discrimination and even romance.

Murray Weidenbaum
Washington University

Murray Weidenbaum, an influential scholar widely known as the key architect of President Ronald Reagan’s economic theory dubbed “Reaganomics,” has died.

In 1980, Reagan campaigned on a fix for an economy plagued by rising inflation, unemployment and a growing deficit. He appointed Mr. Weidenbaum as his economic adviser.

Bill Greenblatt | UPI | File Photo

Football season is over. The Cardinals are still in Spring Training. St. Louis has no NBA to entertain us. The Olympics were fun while they lasted, but they took St. Louis Blues hockey away from us (until Wednesday). And we still don’t have a Major League Soccer team here. It's fair to say, the region is in a bit of a professional sports slump right now. And what have we been doing to endure the lull?

This article first appeared in the St. Louis Beacon: What happens if -- or when – Congress fails to raise the U.S. debt limit? What would a default by the U.S. government mean?

The questions are simple; the answers are not.

St. Louis Named Among 'Best Cities For Cheapskates'

Aug 26, 2013
(via Flickr/

Kiplinger's says St. Louis is a great city for cheapskates - and insists we take that as a compliment.

The Gateway City ranks at number 9 on the Kiplinger compilation, and it's the biggest city in their top 10 (full list is below).

They say St. Louis' housing costs, at 27 percent below the national average, are what cemented our place on the list.

A 'Whom Do You Hang With?' Map Of America

Apr 17, 2013

Look at the center of this map, at the little red dot that marks Kansas City. Technically, Kansas City is at the edge of Missouri, but here on this map it's in the upper middle section of a bigger space with strong blue borders. We don't have a name for this bigger space yet, but soon we will.

St. Louis Answers: 'You Know You're Wealthy When...'

Mar 25, 2013

Our Adam Allington asked a selection of St. Louisans to finish the sentence 'You know you're wealthy when..." for Marketplace. Check out the answers via the link.

This article first appeared in the St. Louis Beacon, Dec. 4, 2008 - In a syndicated column that ran in the Nov. 30 Post-Dispatch, Kathleen Parker reported on a new study by the Intercollegiate Studies Institute that sought to measure the civic literacy of the American public. The findings were predictably grim.

This article first appeared in the St. Louis Beacon: October 15, 2008 - The other day, one of my sisters accused me of being a socialist. This outrageous slander was rendered during the course of an otherwise civil political discussion. While I'm personally close to all of my siblings, this particular sister and I move to different universes when talk turns to politics.

A primer on the financial bailout

Sep 25, 2008

This article first appeared in the St. Louis Beacon: September 25, 2008 - To help make sense of the current economic crisis, the Beacon asked local experts in finance and investing for their answers to basic questions. The experts are: Stuart Greenbaum, former dean of the Washington University School of Business and now Bank of America emeritus professor of managerial leadership; Radhakrishnan Gopalan, assistant professor of finance at Washington University; Rick Hill of Hill Investment Group in Clayton; and Pamela Kuehling, a financial planner with Smith Barney. Here are their responses: