Economic Logic

We often cannot choose where we live, especially as academics, and have to bite the bullet when we end up in places where the climate is les...

Tax evasion is a serious problem in developing countries because of the tiny administrative capacity of authorities and the size of the info...

There is no doubt that consumption taxes are more efficient that labor income or capital income taxes, because they do not punish activities...

Many governments try to encourage home ownerships by various means. I am not convinced this needs encouraging, as it leads to over-acucmulat...

Agent-based models have a track record of generating stock market bubbles when they include agents that are not optimizing and use backward-...

It is quite baffling that the countries with the highest standards of living, and among several dimensions the happiest ones, also exhibit t...

This is not about economic fluctuations or long cycles like Kondratieff cycles, this is about the sexual practice of partner exchanges or gr...

Health insurance is, among OECD countries, uniquely organized in the United States. It is provided by employers, if they can, and is a benef...

With globalization, the trade of goods has considerably increased. But the substitution to international trade, international migration has ...

Syphilis is back. As the most widespread venereal disease in the 1930's it was curtailed after huge efforts, both in developed and deve...

It is of general benefit that people do not stay unemployed too long and that those who are unemployed exert a reasonable effort to find a n...

The IS-LM model is still not dead. Created to reflect the interaction of aggregate markets, it suffered from the rise of dynamics and microf...

The tragedy of the commons is a well studied and understood problem. When property is shared, the owners tend to abuse it because individual...

There is now a cottage industry trying to measure how well countries are governed, in particular how bad corruption is, or how well the rule...

US faculty members are currently quite frustrated with sports programs on their campuses as the swallow substantial budgets at the expenses ...