Economic Logic

Neoclassical economics has taken a lot of flak recently, I think unjustly, for failing to predict the last economic crisis. For many critics...

Why are we using money? The answer we give to undergraduates is that money facilitates transactions and can be use as a store of value. But ...

One of the most unusual and criticized theories in Economics is that of rational addiction, which states that smokers and druggies choose th...

Breastfeeding is now almost universally promoted as the healthiest way to feed a baby. And indeed, while breastfed babies are a little small...

Learning is a lifelong experience, as one has to adapt to new technologies and circumstances. Those who are the most flexible in the acquisi...

Citation counts are often used to proxy for the quality of an article, researcher or journal. They are not a perfect measure, everybody agre...

While there is some amount of uncertainty in the length of our lifetime, we have the means of influencing it with various choices, such with...

Rock bands are often volatile associations. While there may often be conflicts about the creative orientation of the band, conflicts are too...

Spain has long been a puzzle because of its abnormally high employment rate, in particular among the young. But things seem to have rectifie...

There are some literatures that I find very frustrating, and the empirical growth literature is among them. The initial idea to take a produ...

Central banks care about inflation, but not about the inflation people care about. Because energy prices are volatile, they are not included...

Professional sports clubs exist to win, but this often requires money. Different models have developed in this regard. The US model is priva...

Journal editors are thought to be exceptional scholars who are capable of identifying the best papers and in particular those that will hav...

There is a huge literature on the equity risk premium that probably could sustain its own journal, trying to document it or explain it. But ...

There are few circumstances where wars are globally welfare enhancing. One can imagine that wars can be individually optimizing, for example...