Economics July 2012 Archive

NPR's Wait Wait...Don't Tell Me! is meant to be a comedy quiz show, but it's often also a good way to learn about current events and other random things. ... Read More

In case you haven't been following, the 2012 Summer Olympics officially begin tomorrow, and a few of the soccer matches are already underway. Despite its busy schedule due to the whole ... Read More

The vast majority of economists understand that one of the main functions of economics is to inform public policy. Most economists also understand the frustration caused by the lack ... Read More

The LIBOR, or "London Interbank Offered Rate," represents the interest rate that banks in London would be charged if they were to borrow money from one another. Given that, ... Read More

Policy makers put a lot of thought into how taxes affect people's incentives to work, to consume, and to invest. As far as I can tell, policy makers put ... Read More

In a recent article on purchasing-power parity, I explained that various (natural and unnatural) barriers to trade cause the theory of purchasing-power parity (i.e. the notion that a unit of ... Read More

Economists are all too aware of the fact that one's time has economic value. (You don't have to look too far, for example, to see an economist rant about ... Read More