Economic Logic

In public opinion, economic forecasting has as low regards as weather forecasting. To some extend this is coming from a firmly anchored ster...

I have discussed a few times the difficulty of figuring out what the proper discount rate should be when evaluating the impact of environmen...

When we model intertemporal choices, we usually go with a single consumption good, which means (up to some aggregation assumptions) that all...

I have argued before that this past recession is to a large extend policy-maker made. While there did not seem to be any fundamental reason ...

Children need sufficient sleep to grow and learn well. But every parent knows how difficult it is to get the children to get that sleep, esp...

One puzzling feature of national account data in recent years has been a decline in the labor income share across most economies. This is no...

The attitude of students towards college choice is starkly contrasted across continents. While I certainly tend to over-generalize in the fo...

Conservative pundits tend to blame the poors' behavioral issues for their fate. Liberals tend to claim that the poor do not have a fight...

While we worry about the unbanked population that faces significant costs for trivial transactions, there is also a not insignificant share ...

Whether you think the Fed's actions have been successful or not in pulling the US out of a deeper recession, you have to admit that the ...

Why is gold valued? is year in year out one of the most visited posts on this blog. For some reason that I still cannot fathom people care ...

Whether the minimum wage is a good tool for poverty alleviation remains controversial. Still, it has proven politically impossible to reduce...

Over the past decade or so, there has been a trend for European countries to drift toward the right on the political spectrum. Even nominall...

It has been a while since I last discussed a paper from econophysics, where it appears there is a substantial literature trying to describe ...

I do not have scientific evidence for that, but my observation is that children are very impatient, and they become more patient with age. T...