Economic Logic

It has been some time that I have not mentioned the virtues of greening the tax system. By that I mean levying taxes on activities that exer...

An easy trick question to ask students about factors of production is whether money is one. Of course it is not, unless you consider burning...

Some children have the bad luck to be born in a poor environment or a dysfunctional family. For them, school is the great equalizer that giv...

Social scientists interested in the biological origins of human behavior have a strange obsession with finger length, and specifically with ...

Recently , I discussed how being in a disaster-prone area may have consequences for economic growth and the ensuing costs from calamities. T...

After an accident or near-accident, we all tend to become more careful. One can attribute this to the realization that the odds of an accide...

It is well known that the underground economy in Italy is substantial, and that an important share of this is due to illegal activity. Hence...

Much of the discussion about income inequality and poverty is vacuous if it does not take into account some form of dynamics. Are the poor o...

The rise of obesity rates is now being called an epidemic, in particular in Anglo-Saxon countries. The fact that such a large portion of the...

Many jurisdictions have implemented parental involvement laws that require from physicians to discuss with or at least alert parents about a...

If you look at economic and especially fiscal policy in the US and in Europe these days, it can be characterized as hesitant. And this despi...

It is fair to say people are quite upset that managers are not criminally prosecuted for crimes their businesses do. As the latest case with...

When a central bank adopts a monetary policy target, such as a targeted inflation rate, should it absolutely adhere to this goal, or are dev...

When should universities merge? The recent examples I have witnessed were due to economic hardship, where one college could simply not meet ...

China has been growing at a very rapid pace, and many have studied how this has happened and why. Yet, when you look at the economy now, it ...