Economics August 2012 Archive

Here are this week's new articles for you to check out: Absolute and Comparative Advantage - What are absolute and comparative advantage and why are they important to international trade? Economist Dan ... Read More

Tim Harford's The Undercover Economist is one of the most popular general-interest economics books on the market. The popularity of the book is largely due to the fact that ... Read More

Economics teaches us a lot about what functions money serves in an economy and what the different types of money are. Geography teaches us about, among other things, what ... Read More

Part of the difficulty in balancing a government's budget may be political, but the reality of the matter is that, given the current fiscal shortfall (i.e. deficit) that the U.S. ... Read More

If you pay attention to the news, you may have noticed that different sources often quote different rates of inflation. Binyamin Appelbaum explains why this is and which rate ... Read More

Dan Ariely will be teaching a behavioral economics course via Coursera this spring.

Richard Thaler on the importance of understanding human behavior before writing policy to regulate behavior.