Economic Logic

There is a huge literature trying to understand why total factor productivity is much higher is some countries than others. The literature i...

The recent debacle in Copenhagen over a climate change treaty has highleghted a large rift between developing and developed economies over w...

I reported earlier on the literature trying to understand why prostitutes are so well paid. I concluded that this was because of the risk, ...

The New Keynesian theory has come under increasing assault because its basics assumptions, price and wage rigidity, look more and more tenuo...

In many cultures, there is a strong preference for male offspring. While the human rights movement and the emancipation of women has in many...

Is alcohol abuse tied to risky sexual behavior? If so, and alcohol abuse is widespread, all the sex education you do is for naught, as peopl...

Priests in the Catholic church have to make a vow of celibacy, a tradition that is currently under pressure because it is a serious hindranc...

Marriages can be a volatile affair, especially when the spouses have little incentives of staying together. Traditionally, marriage has offe...

It is now two years that I am blogging here. While two years seems like a re rather short time, it adds up to about 450 posts. All in all, i...

In the United States, the individual states and local authorities are supposed to be in charge of disaster prevention and protection, while ...

Despite the fact that models usually show that education is good for national income, the empirical evidence is mixed. The typical reason pr...

The Gold Standard is now part of economic history, and the only times your hear it proposed as a viable monetary regime is on delusional web...

Several years ago, Richard Posner conjectured that old women should pay for the health care of old men. The reason is that old women tend to...

When people get married, their labor supply tends to decrease. This may come from the fact that this provides opportunities for specializati...

Up to the 1930's, Argentina and Canada were very similar countries: rich, sparsely populated, income mostly from natural resources and a...