Economic Logic

When analysis business cycles, it is usual to factor out any seasonal influences from the data. Theoretically, this makes perfect sense if o...

The fear that oil is running out has been replaced by the fear that oil will pollute the life on earth out of existence. In both cases, the ...

Technical innovation is good. Monopoly is bad. What about technical innovation by a monopolist? Apparently, the literature on this uses part...

In the face of increasing difficulties to retain the sustainability of pension systems in the face of demographic change, it seems quite obv...

When I talk to representatives of some churches, or to anti-globalisation advocates, they constantly blames all the evils in the world on ne...

Like many Anglo-Saxon countries, Australia has a problem of too frequent binge drinking. In this context, a discussion emerge on how to tax ...

Much of the development literature is based on the administration of household surveys, with typically one member of the household answering...

A large fraction of emissions of gases responsible for the green-house effect are coming from vehicle traffic: trucks transporting goods and...

Economics and in particular macroeconomics have come under assault lately because they supposedly were not able to identify the housing bubb...

You probably went through this situation at some point: a good job opportunity arises, but it involves some moving and you would end up away...

Why are Japanese farms so small and so inefficient/ As usual under such circumstances, this is because they are protected through subsidies ...

Some countries give citizenship to anybody born on their soil. For others, only the citizenship of parents matters (with various degrees of ...

Performing economic experiments in a laboratory setting is tricky business. You want to make sure to get an environment that is clear of any...

I just read in the Times about a disturbing development in the United Kingdom. A firm managed to get an article slated for publication in t...

Why would one have simultaneously debt and savings? We covered previously why people have simultaneously a savings acocunt and credit card ...