Economic Logic

Labor markets have local particularities that are sometimes rather difficult to explain. For example, US workers get little vacation, yet of...

The New Economic Geography Model pioneered by Paul Krugman has revolutionized our thinking about the location of factors of production, yet ...

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis with a previous life as a prominent economic theorist, made a st...

The Kyoto Protocol to reduce greenhouse emissions has not been widely adopted or followed and the Copenhagen climate summit ended in a fiasc...

The college premium, the difference between the wage of a worker with a college degree and one without, has been steadily increasing in the ...

I find very small countries fascinating. They are link small scale representations of the economies we usually study, to a scale that would ...

As an economist, don't you hate it when a policy that should so obviously be enacted is either perverted by special interests in the leg...

Piracy off the shores of Somalia has come to the front news after a few spectacular cases, prompting an international response, mostly in th...

The American Economic Association is asking its membership to approve a drastic restructuring of its dues. There are two reasons for this. ...

In many US universities, faculty performance is rewarded with merit bonuses or increases, the initial idea being to prevent other universiti...

Do homosexuals save more or less than heterosexuals. As gays typically do not have children, one may think that they care less about the fut...

It is sometimes puzzling when someone in power relinquishes it, especially when this person can take advantage of institutions to stay in po...

Science makes progress through interdisciplinarity. Economists have long recognized this by venturing with their methods into other fields, ...

It is said that laws reflect current morals and that laws cannot influence morals. I imagine that it is rather difficult to find more than a...

A week ago , I opined about the state of higher education in the United States. My outlook was rather grim. Europe looks better, but still f...