Economic Logic

I cannot decide whether the new housing aid bill is good or bad. Here is why. Given the current situation and the number of foreclosures, th...

No, this is not about the industry that produce toilet seats, but rather about the habit for men to leave the toilet seat up. Hammad Siddiqi...

Publishing in Economics is also a lot about marketing your results. It is thus no surprise to me that US Economists dominate this profession...

Zimbabwe is in a truly horrible situation, including crippling hyperinflation. I am not quoting any numbers here, they would be obsolete to ...

One of the roles of the IMF is to make assessments of economic policies in member countries and forcing them to adopt sounder ones. The impo...

The US Congress has finally found the scapegoat for high oil prices. While most of the increase is due to the fall of the US dollar that wi...

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...

CD sales are down, and the music industry is complaining it is losing out with the online business (the legal one and the illegal file-shari...

College is supposed to teach some life skills to students apart from their major, like critical thinking, a general understanding of the wor...

Real wages have been largely stagnant over the last decades for most workers, except for huge increases for some specialists, like CEOs, ath...

Over the past couple of decades, microfoundations have been all the rage in Economics, and in particular in Macroeconomics. The latter relie...

The International Monetary Fund was created in 1944 to encourage policies that lead to macroeconomic stabilization and in particular avert s...

What is the role of a bank? It takes deposits and lends them to borrowers, typically on business loans or mortgages. The latter have rather ...

I posted before the video spoof by Glenn Hubbard on Bernanke. Columbia Business School students have followed up with a skit featuring Bern...

What is Africa's problem. Many argue it is an issue of governance. One needs proper ownership rights, in particular for land, for an eco...