Economic Logic

Even when eligible, not everyone chooses to receive payments from welfare. This may be by ignorance or by choice. In the latter case, welfar...

These are tough times, and in tough times, the government is here to help. This is why the finance industry is getting help, people late on ...

Whenever we model economic behavior, we assume preferences are given and stable. If we observe from empirics that preferences change, we att...

There used to be a time where the discussion of unemployment over the business cycle was limited to disputes over the level of NAIRU and how...

About now, most graduate Economics programs are starting. Time for me to give some advice on how to survive this first year. The first year ...

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

US Economics undergraduate majors typically take four directions: straight to a job, to Law School, to Economics graduate studies or to an M...

With the emergence of electronic money and prepaid cards, the debate about private money has reemerged. Stephen Williamson has long been an...

A new blog portal, Econ Academics , has been unveiled. It features blogs that discuss research in Economics, as opposed to current events or...

Bubbles are something thought to be irrational, like a feeding frenzy not linked to any fundamentals, but rather self-fulfilling expectation...

US politics are fascinating in some ways, for example because they pose many challenges to economic logic. Political economy, especially whe...

The Wall Street Journal had yesterday an op-ed on the fact that a college degree often does not constitute proof of competency. As I have a...

A US Economics department hired an non-US citizen. It needs to provide evidence that it did a search which was proper in order to obtain a v...

You are building up assets for retirement. What is the best portfolio to do this? This question has been studied before, but has neglected f...

It is interesting to follow Olympics in various countries. While everywhere there is focus on domestic athletes, big countries, say the US, ...