Economic Logic

The economics profession is being criticized these days because it was unprepared for the recent crisis. Few people had thought about the fa...

There is a literature that tries to understand bequests, in particular whether they are accidental or voluntary. This is an important questi...

It seems quite obvious that the United States will have to increase energy taxes, first because energy prices need to better reflect the neg...

To finance public goods, taxes need to be levied. But with globalization and international tax competition, the ability of governments to le...

Immigrants are often held responsible for increased crime rates, or crime in general. As these accusations occur in every country one has to...

The standard endogenous growth model assumes that markets are perfectly competitive, and thus factors are paid at their marginal product, an...

Purchasing power parity (PPP) implies that adjusted for exchange rates, similar goods should have the same price across countries. However, ...

Unemployed workers who stay unemployed for a long time are a cost to society, because they receive unemployment insurance and other social b...

There are a lot of notions floating among education professionals that are actually wrong, and this has done a lot of harm as to how policie...

Why do people have this fascination with lawns? They are fundamentally useless and people devote large resources to it. Thinking about it, i...

In many countries, the movement towards charging for plastic bags appears to be a major annoyance for consumers used to free bags (and doubl...

Alcohol use has an impact on crime in many ways. Perpetrators maybe mentally impaired by alcohol abuse, may be motivated by an addiction, or...

What triggered the Industrial Revolution has been the subject of debates for decades. While currently the emphasis is on the Unified Growth ...

The current recession has certainly increased the academic interest in business cycles, their origin and their cures, if any. Many prominent...

Academics, at least in Economics, have been largely dysfunctional in Italy for a long time. With faculty positions centrally administrated b...