Economic Logic

Insurance is useful because it allows to prevent (at a price) the consequences of adverse, unpredictable events. However, the viability of i...

Should government transfers be provided in cash or in-kind? Simple economics clearly states cash is better for welfare. Just think about how...

I am appalled by the policy decisions currently taken in Washington. There should not have been a recession if these politicians had not sta...

Until secret votes were imposed throughout democracies, outright vote buying was not uncommon. Even today, there are suspicions that some el...

Zimbabwe is a mess and voices are growing louder that only a violent overthrow of Robert Mugabe can solve the humanitarian, political and ec...

I have already been posting for a year, and it has been fun doing so. While I started by commenting on the world around me from the perspect...

This week-end I had a conversation with a person complaining about the seemingly useless bureaucracy and hold times to obtain social assista...

Over the last fifty years, the labor market of the major European countries went through a remarkable transformation: while Europeans worked...

Now that various governments seem committed to increasing their debt drastically, it may become appropriate to investigate whether it could ...

If you are currently in one of the few university departments that are hiring, you are probably getting frustrated by all the hoops you need...

Today is anti-corruption day, and today is also when Daniel Kaufman gives his farewell speech at the World Bank. He is leaving the World Ban...

When we model unemployment, we like to think that unemployed workers enjoy more leisure, but still spend a significant time searching for jo...

Everyone has heard of Giffen goods in their first Economics class: goods whose demand increases with their price. But do they exist? Marshal...

There is ample evidence that humans are impatient. The traditional assumption in Economics has been to assume that we have preferences that ...

It is time again for student evaluations and the biannual ritual where students are given the authority to judge how well they were treated ...