Economic Logic

On both sides of the Atlantic, the last recession was unconventional. This has meant that the mainstream business cycle models needed to be ...

It is well known that the underground economy in Italy is substantial, and that an important share of this is due to illegal activity. Hence...

With the cost of education continuing to rise, financial aid to student becomes more important to help those with merit but little means (or...

I mentioned yesterday that we do not know whether capital punishment is a deterrent or not. What about imprisonment sentences? That is much...

While being the oldest profession, prostitution has always been a thorn in the eyes of authorities. The market clearly says it satisfies a d...

Savings rates have declined over the last decades in developed economies. Many explanations have been offered for this, including the availa...

In these times of fiscal austerity, governments are scrambling to find tax revenues and in particular to close loopholes and to chase tax ev...

The data sometimes work in mysterious ways and provide puzzling correlations that lead to interesting research questions. One such correlati...

In several countries, mass media have become, at least from my viewpoint, a dominant means of forming public opinion on just about anything....

What determines demand for theater? Theater managers should be interested in understanding their market. Beyond this, this is also important...

Tax evasion is a serious problem in developing countries because of the tiny administrative capacity of authorities and the size of the info...

Alcohol use has an impact on crime in many ways. Perpetrators maybe mentally impaired by alcohol abuse, may be motivated by an addiction, or...

Academics, at least in Economics, have been largely dysfunctional in Italy for a long time. With faculty positions centrally administrated b...

The mafia and similar organization are a tumor on an economy. They divert the effort of people to unproductive activities, they upset the ru...