Economic Logic

Options are securities that are difficult to price. In particular American options, which can be exercised at any time posed a serious chall...

Westerners complain about sweatshops in Asia for two reasons: they produce at much lower labor costs, thus undercutting the Western labor fo...

One of the big challenges of Economic history is to explain why, a thousand years ago, Asia, and in particular China, suddenly stagnated and...

The increase in oil prices allows nicely to highlight the mechanics of substitution. The increase in the price of most goods lead to a decre...

India is facing rising crude oil costs like other nations, but very differently. Indeed, the retail price of gas is set by the government, a...