Economic Logic

On a number of instances, I have hyperventilated here about the misuse of the Calvo pricing hypothesis, which is an analytically convenient ...

I sometimes come across papers, in general from India, that describe how the world could be saved by humanity becoming aware of some philoso...

One advice I give to job market candidates is to make sure they do not drink to much at dinner, or they may say stupid things. It turns out ...

Is it worth holding mega-event like Olympic Games? Repeatedly, they turn into a financial fiasco, yet new organizers keep believing they can...

As any academic economist who has done consulting fr government or the private sector can testify, it is very difficult to convey the uncert...

Often, economic policies are set to encourage entrepreneurship, with the idea that entrepreneurs are the ones that drive economic growth. Bu...

Computable General Equilibrium (CGE) models are highly disaggregate models that encompass many goods, sectors and household types that are u...

On multiple occasions on this blog, I have presented research that rationalizes some observation that at first sight appeared irrational, or...

By casual empiricism, I noticed that uneducated mothers tend to have children from several fathers. I tended to blame this on their ignoranc...

Patents are supposed to rewards those successful at developing new technologies by granting them a temporary monopoly on their innovation. W...

The term is "legal tender" is liberally used in monetary economics, so it is a good idea to read a legal scholar explain what lega...

When one faces fluctuations in income, it seems quite natural to find some way to insure yourself. For farmers, price fluctuations can be a ...

We live in a society where traditionally the role of the wife was to take care of the house and the children. Now that we have schools, dayc...

Ads for educational institutions or for life insurance, if they feature a child, almost always show a girl. Is it that girls would lead you ...

It is conventional wisdom that it is a large advantage to be an incumbent in an election. The evidence is certainly there, as incumbents are...