Economic Logic

Not you, I know, but everyone must be curious about who would buy such a thing, especially as so much of it is available for free (and somet...

The latest issue of the Journal of Economic Perspectives has a nice symposium on the early stages of the current credit crunch. While many a...

For some reason I cannot understand, the US Republicans keep pushing for the repeal of estate taxation, because for some reason it would be ...

An increasing number of jurisdictions are now making same-sex marriages official. Looking at the United States, it would appear that more li...

Traffic fines are there to force people to obey the law. But in the current recession, there is a sense that various jurisdictions are incre...

The literature on the impact of class size on student performance is largely inconclusive. Yet, there is still a public perception that size...

As you may notice on the left bar, I have set up a donation button. Why? With the time I spend on this blog, not only writing but also clean...

A long standing result of taxation theory is that the optimal tax rate for capital income is zero. The only exceptions to this are in situat...

While individual and firms can, at least to some extend, insure against various eventualities hitting them, governments do this remarkably l...

Survivalists experience a revival these days as all sorts of doomsday scenarios circulate. But even if we are to experience and economic mel...

There has been a lot of talk about irrational exuberance in the housing market, of irrational fears in the current recession, and animal spi...

It is now well known that many natural resources suffer from the tragedy of the commons: because they are not owned, they are overused and d...

The NIMBY (Not in my backyard) problem is well known: a globally social good that involves a local private bad is impossible to provide if l...

Following up on yesterday's post about Elsevier's strange practices, it appears that a firestorm is erupting, and it seems to uncov...

A critical aspect of the research publication process is the integrity of everyone in the business. While one may sometimes have doubts whet...