Economic Logic

Even though the Journal of Economic Perspectives recently went open access, a move the American Economic Association should be applauded fo...

There are various approaches to regulate the pollutions of firms. One can regulate them, one can tax them, or one can create a market for po...

I have never been shy about the fact that I am no fan of Calvo pricing as commonly practiced in New-Keynesian model. I have presented on thi...

Economists have been lambasted for not alerting the public that a bubble was in the making in US real state, except for a few oddballs. Of c...

Public distrust in institutions (government, business justice and media) seems to be at an all time low in the United States, especially for...

Entrepreneurship is the engine of growth, thus is it is important to understand what makes entrepreneurs tick and how to identify potential ...

Monetary theorists have struggled for decades if not centuries to explain why we use and value money. Modern theory, which needs to be more ...

While it is not a slam dunk, there is pretty good empirical evidence that corruption and government expenses that are not tied to public inf...

The UK is going through a rather traumatic reform of the finances of its higher education system. There is much debate, both public and amon...

The cyclical behavior of work effort is rather puzzling. One would expect that people would work harder during a recession to avoid getting ...

As you age, time flies faster. The same applies to when you are busy. Psychologists have long studied how the perception of time varies with...

I have discussed previously that the US higher education system is not sustainable. In particular the low teaching loads in many institutio...

I have never been sure whether I should be assigning homework in my classes. For one, they give additional work, from their formulation to t...

While a strong case can be made that the information technology revolution has markedly improved productivity at the workplace, it is not th...

As discussed a few days ago, politicians have a rational tendency to lie . One remedy against this is to improve information. One area where...