Economic Logic

Ask people on the street (à 24-hour news channel that needs to fill time) about the inflation rate, and I am quite sure you get an very upwa...

When the Stern Review , which discussed global climate change from an economic perspective, came out, it generated a lot of discussion becau...

Are good teachers also good researchers? Does spending more time on research improve one's teaching? Or does research get in the way of ...

Every parent wishes to find the way to make her children bright. While genes may be in play, there is no doubt environmental factors weigh i...

When economic historians will look back at the global economy of last decade or two, they will likely summarize them as marked by a big rece...

The empirical literature on the minimum wage is really disorienting. While relatively simple theory tells us that a minimum wage increase sh...

If you divide the amount of US dollars in circulation by the number of people living in the United States, you get an amount in the order of...

A democracy, and in particular a representative democracy, suffers from the problem that the interests of older people are over-represented....

Biofuels have been presented as the solution to the ills of petroleum: locally produced, renewable, and sometimes cleaner. Hence they have b...

Not everyone is made for university, and good jobs do not require university education. Hence, I have a hard time understanding this general...

Why do people migrate? While there may be many motivations, it is very clear that migrants find much better material well-being in their new...

An important determinant of economic growth is the willingness to take measured risks, i.e., entrepreneurship and capital accumulation. But ...

By now, global warming (or rather global climate change) seems inescapable, with many, many indicators showing a definite trend towards a ra...

It has been a while since we last discussed then latest developments in econophysics, the field trying to blend the methods of Physics (and ...

People have an unusual nostalgy for old times. "Things were simpler." "there was less crime," "people lived lives i...