Economic Logic

There are no laws mandating helmet use for motorcyclists in many developing countries and some US states. In the first case, such laws are l...

It is well known that girls from developing countries face hurdles in their schooling experience. This goes from subtle issues during their ...

In some developing economies, cattle are used as store of value. This is because there is no other good asset available as financial markets...

When a business is successful, it grows. Successful businesses also are more likely to survive and thus old business tend to be larger. Now ...

The chronically poor have a low labor-market attachment, to a large extend because of a lack of skills and experience. This is thus a viciou...

Conventional wisdom tells us corruption is bad (except for a few people). The evidence is surprisingly mixed (see old post ), but that has n...

One of the big lessons Adam Smith has taught countless generations of economists is that homo oeconomicus is all its selfish glory can be q...

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...