Some observations from a visit to the USA. Interesting differences in crowd behaviour and patriotism. International travel really helps highlight some of the things we
read moreRichard Layard is an economist who works on happiness. He is interested in which factors are positively related to it, and what governments should do
read morePeople are very susceptible to feeling that past expenditures matter in current and future decisions. If you’ve spent a lot of money on something, wouldn’t
read moreEconomists treat costs somewhat differently to the way that accountants do. This article explains why and how. You run a business producing, say, furniture, or
read moreThe demand curve is a deceptively simple concept that economists use constantly. It has at least three different valid interpretations that make it useful in
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