Economic Logic

The United States have interest rates close to zero, and it will stay like this of a few more years according to the Federal Reserve. This h...

Western nations, and especially the United States, put a lot of effort into nation-building and democratization in developing economies. The...

How much do people value time? One way to look a this is to consider how much they need to be compensated to work. But this masks the disuti...

The larger OECD countries have increasingly complained that some of the smaller member countries are hurting them because of their tax haven...

We know the saying that money does not buy happiness. But even if there is a significant correlation between income and measures of satisfac...

What should be the best design for important exams? One attempt and you are out? Resit allowed once? Twice? Maximum number of attempts over ...

What is the secret to a long life? A healthy life style, good nutrition, few worries, few risks, little stress. That is all obvious. When yo...

Some recent research has shown that there is a free lunch lying there for fiscal policy when interest rates are constrained by the zero lowe...

Companies that refer temporary workers ("temps") like to advertise that temporary work with few benefits is a stepping stone to fu...

The litigation saga between Apple and Samsung over minute and obvious details of their respective phones makes good entertainment but has li...

The European Central Bank and the US Federal Reserve have massively changed their balance sheet in recent years. The first step was an incre...

There is a strong cultural tradition of volunteer work in the United States, which is encouraged by many employers and pretty much a require...

Capital income is typically less taxed, and there are good theoretical reasons to do so. It has mostly to do with the fact that you do not w...

By all accounts, the Economics Department at Harvard University is the best department in world, to the point that it gets an almost perfect...

Daylight savings time was introduced to save energy. Because humans who have access to electricity seem to have a natural tendency to stay u...