ItemList
number of items: 20
total items: 249
item list element: Frank P. Ramsey
item list element: AI supports the case to introduce a Universal Basic Income (UBI)
item list element: The INOMICS Questionnaire: Fratzscher vs Gómez Pineda
item list element: Silent Success: How Quiet Quitting Can Boost the Economy
item list element: How will the development of AI affect the labor market?
item list element: Dr. Jeffrey M. Wooldridge
item list element: The INOMICS Questionnaire: Fratzscher vs. Ditzen
item list element: Publication behavior in economics – Reputation, visibility, and the gender gap
item list element: The INOMICS Questionnaire: Fratzscher vs. Tol
item list element: The Economics of Star Wars
item list element: Dr. Esther Duflo
item list element: Pop Economics: Economics through the lens of pop culture
item list element: The #EconMeToo Movement
item list element: The Post-Pandemic Recovery of the Economics Job Market
item list element: 10 More Movies Economists Will Love
item list element: The Glass Ceiling and the “Leaky Pipeline” in Economics
item list element: The Gender Ratio in Economics in 2022
item list element: The Gender Pay Gap in Economics in 2022
item list element: 30 Top Twitter Feeds in Economics and Finance
item list element: The Economics of Christmas
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Frank P. Ramsey
type: Article
title: Frank P. Ramsey
description: Many great economists of the past didn’t limit their contributions to just economics. Instead, they often made advances in mathematics, physics, philosophy, or other fields too. Frank Plumpton Ramsey is one such brilliant mind. Equal parts mathematician, philosopher, and economist, he developed a cornerstone model of macroeconomics – the Ramsey model – among a number of other contributions. Ramsey’s life in brief The economist Frank Ramsey was born in 1903 in Cambridge, England. He was considered a genius, and was selected to translate a famous German philosophy text (Ludwig Wittgenstein’s Tractatus) into English at the age of 18. Famously an atheist, he was nevertheless fond of his brother Michael Ramsey, who was the Archbishop of Canterbury. Ramsey attended Winchester College in 1915, and soon went on to Trinity College, Cambridge in 1920. He graduated with high academic achievement in mathematics, got married in 1925, and was appointed as a university lecturer in mathematics in 1926 at King’s College. His friends described him as not only smart, but congenial and humble. During his professorship, Ramsey wrote and published several of his own, now-famous works. These included non-economics works such as The Foundations of Mathematics, Truth and Probability (which remained unpublished until after his death, but formed the foundation of modern decision theory), Facts and Propositions, and Universals. From these works and more, Ramsey is credited with major contributions in the fields of mathematics (leading to the development of Ramsey theory, now named after him, which also contributes to theoretical computer science), logic, philosophy, and of course economics. In fact, Ramsey met John Maynard Keynes himself and wrote a critique of Keynes’ Treatise on Probability, which appeared in the 1922 edition of The Cambridge Magazine. Not one to take it personally, Keynes later recommended Ramsey be inducted as a Fellow of Mathematics at King’s College (Keynes was a Fellow …
disambiguating description: Students often learn about important figures in economics only briefly and in passing, yet the content taught in economics courses often comes from brilliant economists such as these.
date posted: 2023-08-08T17:23:02Z
date modified: 2026-07-01T12:48:14Z
employment type: onsite
language: en
keywords: economist profiles
keywords: Frank Ramsey
keywords: Frank P. Ramsey
keywords: Sean McClung
keywords: Ramsey model
type: blog
disciplines: economics
disciplines: macroeconomicsmonetary
disciplines: socialscience
disciplines: econometricsstatisticsquantitative
disciplines: generaleconomics
disciplines: economicthoughtmethodology
discipline labels: Economics
discipline labels: Macroeconomics and Monetary Economics (JEL E)
discipline labels: Economics and Social Sciences
discipline labels: Econometrics, Statistics and Quantitative Methods (JEL C)
discipline labels: General Economics (JEL A)
discipline labels: Economic Thought & Methodology (JEL B)

AI supports the case to introduce a Universal Basic Income (UBI)
type: Article
title: AI supports the case to introduce a Universal Basic Income (UBI)
description: This economic growth is seen as a good thing by economists, because it theoretically empowers us to satisfy our needs with less effort, and frees us up to enjoy our lives more. As our economies have become increasingly efficient over the past several decades, some have increasingly called for shorter work weeks to take advantage of this increased productivity. The advent of new and useful AI tools only strengthens this call. The link between economic growth and leisure time Typically, two main factors contribute to economic growth; increasing population and improving technology. Both of these factors are represented by inputs in the standard Cobb-Douglas model of the economy (population is represented by labor, L, which will tend to increase as the population grows). But it’s the latter factor, technological progress, that ties AI to the idea of a universal basic income (UBI). Technological progress – represented by the multiplicative factor A in basic Cobb-Douglas models – allows society to produce more with the exact same levels of employment and capital stock. John Maynard Keynes, one of the great historical figures in economics, predicted that by 2030 people would work for only 15 hours a week. He believed this because he expected that the increase in economic productivity, largely in part due to improving technology, would allow people to produce more in less time. This would then allow for workers to have much more leisure time, which would increase overall welfare and happiness. Thinkers and philosophers in history have often viewed leisure time as the ultimate goal of increasing productivity. For example, Aristotle, in his work titled Nicomachean Ethics, once said that “the end of labor is to gain leisure” (though he also advised that we use our leisure time wisely, stating “...the objective of leisure can and should be to sustain other aspects of our lives which make us uniquely human: our souls, our minds, our personal and civic relationships”). This view …
disambiguating description: One of the key features of the global economy is that it tends to grow over time. In fact, that growth has become something of an expectation in the modern capitalist system, where the success of corporations is often judged by their growth, even over relatively short time horizons.
date posted: 2023-08-02T15:43:47Z
date modified: 2026-07-01T12:51:23Z
employment type: onsite
language: en
keywords: AI and the economy
keywords: wealth inequality
keywords: economic growth
keywords: Sean McClung
keywords: UBI
keywords: universal basic income
type: blog
disciplines: politics
disciplines: publiceconomicspolicy
disciplines: economics
disciplines: socialscience
disciplines: labordemographiceconomics
disciplines: economicdevelopmentgrowth
disciplines: businesseconomics
disciplines: finance
disciplines: industrialorganization
discipline labels: Politics
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Labor and Demographic Economics (JEL J)
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: Business Economics (JEL M)
discipline labels: Finance
discipline labels: Industrial Organization (JEL L)

The INOMICS Questionnaire: Fratzscher vs Gómez Pineda
type: Article
title: The INOMICS Questionnaire: Fratzscher vs Gómez Pineda
description: The interview with Dr. Gómez Pineda offers an interesting look into the thoughts of an accomplished central banker. For early-career economists in particular, it is not only enlightening but full of essential advice, not least of which is the importance of continuous learning and reading. Our advice – start your reading here! Javier G. Gómez Pineda is Senior Economist (Investigador Principal) at Banco de la República (the central bank of Colombia). He also teaches Monetary Economics at Universidad del Rosario in Bogotá. His research interests are in Monetary Economics and International Economics; he is author of the textbook Dinero, banca y mercados emergentes, los países emergentes en la economía global, 2010, Ed. Alfaomega; and he holds a PhD in Economics from the University of Chicago. His interview responses to Dr. Fratzscher’s queries are below. Marcel Fratscher: What is your favorite place on earth? Javier Gómez Pineda: To start with, I would like to express my gratitude for this interview and having the opportunity to share my thoughts. My favorite place on earth is where you can share with your loved ones. To me, it is home. As for places you get to be around as an economist, I would say my favorite place would be the macro seminar at the University of Chicago. As a student at Chicago, I had the chance to see several papers being greatly improved by comments from the audience. I recall once or twice Gary Becker gave incredible micro feedback to two macro papers. MF: Outside of economics, what occupation would you choose if you could be absolutely anything? JGP: I think I would be a civil engineer to help improve infrastructure in Colombia. As an economist, in a way I happened to be sort of a civil engineer when I got involved in the implementation of the inflation targeting framework in Colombia back in 2000. However, I would choose in the first, second and third place to be an economist. MF: What is the virtue you appreciate the most? JGP: An important virt…
disambiguating description: The following article first appeared in the INOMICS Handbook 2023. Download the INOMICS Handbook President of the DIW Berlin and well-known macroeconomist, Prof. Dr. Marcel Fratzscher poses the questions for accomplished central banker and author Dr. Javier G. Gómez Pineda in this latest INOMICS interview, where we ask economists for their thoughts about life and economics. Dr. Gómez Pineda graciously took to the spotlight in this latest round. The interview, dubbed Fratzscher vs. Gómez Pineda, dives into the importance of the Lucas critique, role models for women in economics, the challenges with maintaining global financial market stability (while still allowing for growth for emerging economies), how economics can contribute to climate policy, and more.
date posted: 2023-06-26T14:21:19Z
date modified: 2023-06-26T16:37:13Z
employment type: onsite
language: en
keywords: INOMICS Handbook
keywords: INOMICS Questionnaire
keywords: Javier G. Gómez Pineda
keywords: Marcel Fratzscher
keywords: monetary policy
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

Silent Success: How Quiet Quitting Can Boost the Economy
type: Article
title: Silent Success: How Quiet Quitting Can Boost the Economy
description: Rather than pushing ourselves to the brink of exhaustion, quiet quitting involves recognizing when something is not productive and making the decision to step back and reassess. This can lead to greater productivity, increased creativity, and ultimately, a stronger economy. In this article, I'll explore how quiet quitting can affect the economy. I'll delve into the benefits of taking a step back, the impact it can have on our mental health, and the potential economic benefits of a more balanced approach to work. So sit back, take a deep breath, and let's explore the power of quiet quitting. Understanding quiet quitting Quiet quitting involves a strategic and intentional decision to let go of unnecessary tasks, projects, or overtime work in order to redirect time and energy towards more fulfilling or productive endeavors. At its core, the concept refers to withdrawing from tasks beyond one’s assigned duties and becoming less personally invested in work. Quiet quitters continue to fulfill their main job responsibilities, but they turn down activities that involve going above and beyond. No more working late, showing up early, or participating in non-mandatory tasks. Simply no extras. It’s worth mentioning that there's an irony in calling it "quitting" when employees are still showing up for their jobs and doing their work. It seems unreasonable that current society glorifies constant work and a hustle culture mentality, to the extent that performing the tasks expected of you within your designated work hours and then leaving is now being referred to as "quitting". The quiet quitting trend did not appear by accident; its emergence is linked to the COVID-19 pandemic. Due to the pandemic, many individuals lost their jobs, resulting in a smaller workforce than before the outbreak. Although some people have secured new employment or been rehired, existing workers have been experiencing more pressure as some have been tasked with additional responsibilities that laid off wo…
disambiguating description: In a world where we are constantly told to hustle, grind, and push ourselves to the limit, the idea of taking it easy can seem counterintuitive. However, there is a growing movement suggesting that doing only what’s necessary at work is the best thing we can do for ourselves and for the economy. This is known as the concept of "quiet quitting".
date posted: 2023-05-31T18:00:00Z
date modified: 2026-07-01T12:55:55Z
employment type: onsite
language: en
keywords: Sara Taha
keywords: quiet quitting
keywords: UN SDGs
keywords: work life balance
type: blog
disciplines: economics
disciplines: socialscience
disciplines: labordemographiceconomics
disciplines: healtheducationwelfareeconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Labor and Demographic Economics (JEL J)
discipline labels: Health, Education, and Welfare (JEL I)

How will the development of AI affect the labor market?
type: Article
title: How will the development of AI affect the labor market?
description: It’s expected that AI will change the economy and the world, though few have answers as to how. News stories continue to be written as companies, governments, researchers, and students grapple with AI and learn how to adopt it or respond to it. In this article, we’ll explore this question from an economic standpoint, focusing on the human side of the economy: the labor market. How will AI affect people’s jobs and the future of work? How disruptive technologies generally affect the economy AI in this massively available and accessible form seems truly new and unique. But economically speaking, it could just be considered another advancement in technology that can improve our productivity. This scenario has been happening in our economies since the dawn of civilization. So, what economic impact do these advancements tend to have? Consider the classic Cobb-Douglas production function, shown below: \begin{equation*} \mathit{Y} = \mathit{A}\mathit{L}^{\alpha}\mathit{K}^{\beta} \end{equation*} In this equation, K stands for capital, L stands for labor, and A stands for “technological progress”. A is often glossed over in introductory courses, but is generally described as a “good thing”. When this factor increases, it means that even with the exact same inputs, the economy can produce more. In other words, technological advancement leaves room for Pareto improvements. The development of AI can be thought of as an increase in A. Everyone is theoretically made better off due to this increase in A; this is why economists typically consider technological progress to be a good thing. To see why, consider previous inventions that have changed our daily lives and made certain careers obsolete. One such example is the invention of the printing press. Before it was available, books had to be copied by hand, which professional scribes were hired to do. As books were hand-copied, they were quite scarce, and the cost of books was much higher (relatively speaking) than they are today.…
disambiguating description: Artificial intelligence appears to be the next truly disruptive technology poised to rock our global economy. In December 2022, ChatGPT-3 made headlines. It represented a leap forward in the capabilities of generative AI technology, pushing conversations about this new tool into the mainstream as people began to question how ChatGPT will affect the economy.
date posted: 2023-05-22T06:00:00Z
date modified: 2026-07-01T12:57:28Z
employment type: onsite
language: en
keywords: labor market
keywords: automation
keywords: creative destruction
keywords: Artificial Intelligence
keywords: AI
keywords: automating jobs
keywords: Sean McClung
type: blog
disciplines: economics
disciplines: socialscience
disciplines: economicdevelopmentgrowth
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: General Economics (JEL A)

Dr. Jeffrey M. Wooldridge
type: Article
title: Dr. Jeffrey M. Wooldridge
description: Econometrics is the application of statistical rigor to economics that allows economists to test economic theory. It is the backbone of modern economic research; any empirical paper that lacked solid econometric reasoning (and preferably repeatable, data-based analysis) would probably not be taken seriously. While it’s possible to theorize and contribute to economics through the development of new theoretical models (especially by introducing science from related fields, like psychology), most serious economists must be comfortable with basic econometrics. Enter Dr. Wooldridge’s research and his seminal text, Introductory Econometrics: A Modern Approach, first published in 1999 and now with over 6 editions, still widely used around the world. Dr. Wooldridge is a prolific researcher who has published more than forty articles in top economics journals and has helped advance econometric theory significantly. Chances are, if you’re a serious student of economics, you’ll end up using his material in some of your courses. Dr. Wooldridge’s contributions to advancing econometric rigor Dr. Wooldridge’s main research focus is in microeconometrics, a sub-field of econometrics that works with individual-level data. He specializes in the study of panel and cross-sectional data, researching and promoting the best econometric methods for researchers to use with these types of datasets. This work is important. One of the cornerstones of the scientific method is the use of repeatable experiments that can be measured. Unfortunately, in economics, it’s very difficult to conduct a repeatable experiment. After all, we study the decisions that people make with limited resources, and it would be impossible to dictate people’s lives just to study their outcomes. Therefore, in economics, historical data is used quite often (though randomized controlled trials have become increasingly common, thanks to the work of certain economists). Because of this, economists often do not have control ove…
disambiguating description: Students often learn about important figures in economics only briefly and in passing, yet the content taught in economics courses often comes from brilliant economists such as these.
date posted: 2023-05-15T06:00:00Z
date modified: 2026-06-24T18:19:52Z
employment type: onsite
language: en
keywords: Economist Profiles
keywords: Sean McClung
keywords: Jeffrey Wooldridge
type: blog
disciplines: economics
disciplines: socialscience
disciplines: econometricsstatisticsquantitative
disciplines: economicthoughtmethodology
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Econometrics, Statistics and Quantitative Methods (JEL C)
discipline labels: Economic Thought & Methodology (JEL B)

The INOMICS Questionnaire: Fratzscher vs. Ditzen
type: Article
title: The INOMICS Questionnaire: Fratzscher vs. Ditzen
description: Jan Ditzen is an Assistant Professor (RTD-A) in Econometrics at the Free University of Bozen-Bolzano, in Bolzano, Italy, where he was previously a postdoc. Since 2021 he is serving as Co-Editor/Digital editor of the economics journal Spatial Economic Analysis, responsible for the Replication Studies Section among other responsibilities. From 2017 to 2020 he was a Research Associate at the Centre for Energy Economics Research and Policy (CEERP) at Heriot-Watt University, where he was internally responsible for assisting BP plc with the BP Energy Outlook, and one of the fuel leads for the BP Statistical Review of World Energy. He obtained a PhD from Heriot-Watt University, a Master in Economics from Hamburg University and a Bachelor in Economics from Mannheim University. Dr. Ditzen’s research interests are in the field of Applied Econometrics with a focus on Panel-Time Series, Cross-Sectional Dependence, Spatial Econometrics, and Growth Empirics. He has also an interest in Simulation Studies and the implementation of econometric methods into statistical software. Marcel Fratzscher: What is your favourite place on earth? Jan Ditzen: Definitely a place out in the hills or mountains. My favourite two would be Grimentz in the Swiss mountains. It is a beautiful place with amazing views and has many good and happy memories. The second one is a remote cabin in the Norwegian mountains. It is a very peaceful and quiet place. MF: Outside of economics, what occupation would you choose if you could be absolutely anything? JD: That's a hard question, there are so many exciting and interesting occupations. An alternative would have been engineering; it must be great to see one’s projects in real life. I usually joke that if I have enough of academia, I plan to become a shepherd in the Alps or a mountain guide. MF: What is the virtue you appreciate the most? JD: Honesty and being straight forward without too many words. MF: Your all-time favourite figure in economics? JD: As an econ…
disambiguating description: In the INOMICS interview series, Prof. Dr. Marcel Fratzscher asks economists questions about their field, their opinions on economics, some of their favorite things, and more. Today we took the chance to interview Dr. Jan Ditzen, an econometrician with a robust research presence. The interview, named Fratzscher vs. Ditzen (as is tradition), enlightens us on the contributions of Hashem Pesaran, the beauty of mountain scenery, details about econometrics and why its rigor is important for economics, and more.
date posted: 2023-04-17T06:00:00Z
date modified: 2023-04-17T14:48:36Z
employment type: onsite
language: en
keywords: econometrics
keywords: Jan Ditzen
keywords: INOMICS Questionnaire
keywords: Marcel Fratzscher
type: blog
disciplines: economics
disciplines: socialscience
disciplines: econometricsstatisticsquantitative
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Econometrics, Statistics and Quantitative Methods (JEL C)
discipline labels: General Economics (JEL A)

Publication behavior in economics – Reputation, visibility, and the gender gap
type: Article
title: Publication behavior in economics – Reputation, visibility, and the gender gap
description: There exists a body of research that shows how women in economics face more obstacles than men when trying to make their way: Papers are less cited if the corresponding author is female (Maddi & Gingras, 2021). Further, women are confronted with higher standards in publishing compared to men (Hengel, 2022), a more hostile environment (Dupas et al., 2021; Wu, 2018), and they are less well-connected in their discipline, according to the count of women compared to men in the acknowledgments of published papers (Rose & Georg, 2021). Publication differences by gender in economics To further understand the gender gap in the discipline, it is also important to look at publication behavior, acknowledging, of course, that this can only be another puzzle piece in understanding the gap as a whole. This holds especially true for economics, as it is a discipline heavily driven by journal publications and the relative ranking of outlets in which a researcher’s papers appear. In our recent working paper, Justus Haucap, Leon Knoke, and I use the negotiations for large-scale open access agreements between German research institutions and the leading academic publishers to study two unique natural experiments that answer the question: How do changes in the attractiveness of publishers and their journals affect the publication behavior of researchers in economics and adjacent fields? Wiley and Springer Nature closed DEAL agreements that came into practice in 2019 and 2020, respectively. Under the conditions of these contracts, all submissions from authors affiliated with a German research institution are immediately published as open-access without further costs or paperwork for the researchers. In contrast to the former two academic publishers, the negotiations with Elsevier were suspended in the autumn of 2016. As a consequence, 74 institutions canceled their Elsevier journal subscriptions. After a short break, Elsevier decided to continue granting access to institutions without con…
disambiguating description: In recent times, debates on gender inequality among researchers at universities have emerged, in particular in economics. Even though leading academic societies have addressed these issues already for many years – for example, the American Economic Association has run the “Committee on the Status of Women in the Economics Profession” (CSWEP) since 1971, and the European Economic Association established its “Standing Committee on Women in Economics” (WinE) in 2003 – they appear to be persistent.
date posted: 2023-04-03T06:00:00Z
date modified: 2026-07-31T16:36:54Z
employment type: onsite
language: en
keywords: gender gap in economics
keywords: open access
keywords: Benedikt Schmal
keywords: Springer Nature
keywords: Elsevier
keywords: Leon Knoke
keywords: Wiley
keywords: publishing in economics
keywords: open access publishing
keywords: economics journal
keywords: gender gap
keywords: gender discrimination
keywords: Justus Haucap
keywords: gender inequality
type: blog
disciplines: politics
disciplines: economics
disciplines: socialscience
disciplines: labordemographiceconomics
disciplines: generaleconomics
disciplines: economicthoughtmethodology
discipline labels: Politics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Labor and Demographic Economics (JEL J)
discipline labels: General Economics (JEL A)
discipline labels: Economic Thought & Methodology (JEL B)

The INOMICS Questionnaire: Fratzscher vs. Tol
type: Article
title: The INOMICS Questionnaire: Fratzscher vs. Tol
description: Dr. Richard S.J. Tol MAE is a Professor at the Department of Economics at the University of Sussex, the Professor of the Economics of Climate Change at the Institute for Environmental Studies and Department of Spatial Economics at Vrije Universiteit in Amsterdam, the Netherlands, and a Research Fellow of the Tinbergen Institute, CESifo, and the Payne Institute for Public Policy. He is an elected Member of the European Academy. Formerly, he was a Research Professor at the Economic and Social Research Institute in Dublin, the Michael Otto Professor of Sustainability and Global Change at Hamburg University, and an Adjunct Professor at the Department of Engineering and Public Policy at Carnegie Mellon University in Pittsburgh, PA, USA. He has had visiting appointments at the Canadian Centre for Climate Research, the University of Victoria in British Colombia, at the Centre for Social and Economic Research on the Global Environment at University College London, and at the Princeton Environmental Institute and the Department of Economics at Princeton University. He received an M.Sc. in econometrics (1992) and a Ph.D. in economics (1997) from the Vrije Universiteit Amsterdam. He is among the top 100 most-cited climate scholars. He has 299 publications in learned journals (with 100+ co-authors). He specializes in the economics of energy, environment, and climate, and is interested in integrated assessment modeling. He is the editor-in-chief for Energy Economics, a top field journal. He is, to date, the author of the only major English-language textbook on the economics of climate change. He was an author of Working Groups I, II and III of the Intergovernmental Panel on Climate Change (IPCC), and by extension a member of the winning institution of the Nobel Peace Prize in 2007. Marcel Fratzscher: What is your favourite place on earth? Richard Tol: Wherever the wife and kids are, but I would like them to be in County Clare, Ireland. MF: Outside of economics, what occupation w…
disambiguating description: In this article, INOMICS interviews Dr. Richard S.J. Tol, member of the Intergovernmental Panel on Climate Change (IPCC) when it was awarded the 2007 Nobel Peace Prize and a researcher at the forefront of economics and climate policy. Dubbed Fratzscher vs. Tol as Prof. Dr. Marcel Fratzscher resumed his role as interviewer, the conversation touches on gender discrimination in economics, the increasing availability of historical data, and how climate policy can clash with economic research.
date posted: 2023-03-28T06:00:00Z
date modified: 2023-04-19T13:58:03Z
employment type: onsite
language: en
keywords: INOMICS Questionnaire
keywords: Marcel Fratzscher
keywords: environmental economics
keywords: Richard Tol
type: blog
disciplines: economics
disciplines: socialscience
disciplines: agriculturalenvironmentaleconomics
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Agricultural and Environmental Economics (JEL Q)
discipline labels: General Economics (JEL A)

The Economics of Star Wars
type: Article
title: The Economics of Star Wars
description: This article will dive into the economics of the Star Wars galaxy implied by the franchise, mainly from the movies and some of the TV series. As such, fairly mild spoilers abound; beware if you intend to watch some Star Wars movies or shows, but haven’t yet. Money in the Galaxy Far, Far Away In Star Wars, people typically conduct transactions using “credits”, which amount to some futuristic-looking cash. This currency is used almost everywhere in the galaxy, to the point that most citizens only comment on it when certain transactions don’t accept credits. For example, in The Force Awakens, Daisy Ridley’s Rey is paid in food on a bartering basis rather than being paid with money, which tells us how much of a backwater she lives in. Similarly, after an emergency landing on a different backwater planet in The Phantom Menace, Liam Neeson’s Qui-Gon Jinn is forced to engage in some good old sports betting to muster up needed cash. Other than scenes such as these, which serve to highlight certain dire economic situations, credits are used and talked about by almost everyone. This widespread credit usage immediately raises two major questions. First, how did the galaxy unify its form of currency across planets, cultures and languages, and how is that currency controlled? Second, why are electronic payment methods seemingly unused? We can look to one real-life example of currency consolidation – the European Union – to perhaps answer the first question. Upon induction, member states in the EU must transition to using euros rather than their original sovereign currencies. While this prevents each individual nation from having complete control over their monetary policy, becoming part of the EU trading bloc opens up a host of other opportunities for the country and its citizens. It is entirely possible in Star Wars that the many planets making up the Galactic Republic agreed to create an economic bloc like the EU, giving up their original currencies and adopting galactic credi…
disambiguating description: Star Wars probably needs no introduction here. One of the largest entertainment properties of all time, it has grown far beyond its (humble?) beginnings on the movie screen. Now, we can learn about “a galaxy far, far away” through books, comics, TV series, video games, and more.
date posted: 2023-03-20T09:00:00Z
date modified: 2026-06-24T18:23:31Z
employment type: onsite
language: en
keywords: Star Wars
keywords: economics of star wars
keywords: Sean McClung
keywords: pop culture
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

Dr. Esther Duflo
type: Article
title: Dr. Esther Duflo
description: For the first article in the series, in recognition of International Women's Day, we have decided to feature one of the most prominent contemporary female economists, Dr. Esther Duflo. She has become famous among economists for her studies on global poverty alleviation, and she has pioneered the practice of using randomized control trials in development economics. Her studies and experiments have studied health, education, microfinance, and more in the context of global poverty. Dr. Duflo won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 alongside colleagues Abhijit Banerjee and Michael Kremer “for their experimental approach to alleviating global poverty”1, becoming not only the second woman in history, but also the youngest person ever to win the Nobel Prize in economics. The key word in that explanation is “experimental”. Her approach with using experiments to help us understand global poverty has paved the way for more effective policy design. With these experiments, economists have been able to learn more of what truly works to help alleviate poverty, rather than relying on theory. Indeed, the Nobel Prize’s original press release had this to say about Dr. Duflo and her colleagues: “In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research”2. The difficulty with experiments in economics Economists are similar to scientists in that we attempt to use empirical rigor while learning about the world around us. But, unfortunately, it is often extremely difficult or immoral to conduct experiments about economics. People must have the freedom to live their lives without having their economic situation in life dictated by a curious economist. As an example illustrating why this is difficult, imagine if an economist was interested in the effects of early childhood education (such as preschool) on development, and designed an experiment where certain childre…
disambiguating description: In this series of articles, INOMICS will highlight the accomplishments of particular economists who have contributed greatly to the field. Students often learn about the great figures in economics only briefly and in passing, but the content taught in economics courses comes from brilliant economists such as these.
date posted: 2023-03-08T02:00:00Z
date modified: 2026-06-25T13:15:59Z
employment type: onsite
language: en
keywords: famous economists
keywords: economist
keywords: Esther Duflo
keywords: Sean McClung
keywords: economist profile
type: blog
disciplines: economics
disciplines: socialscience
disciplines: economicdevelopmentgrowth
disciplines: healtheducationwelfareeconomics
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: Health, Education, and Welfare (JEL I)
discipline labels: General Economics (JEL A)

Pop Economics: Economics through the lens of pop culture
type: Article
title: Pop Economics: Economics through the lens of pop culture
description: And those cries for attention seem to be working. We have politicians, policymakers, environmentalists, lawyers, global action groups, local community groups, writers, actors, singers, and talk show hosts talking about the state of the economy. Interestingly, these groups of non-experts seem to understand the economics of daily life better than their accomplished counterparts, or at least they have a knack presenting the ideas more easily. This realization dawned on me when I started my economics PhD on the nexus between debt and the real economy, at which time I had an existing specialization in marketing and only an elementary knowledge of financial concepts. As I read through books, reports and academic papers, I found myself on a perilous expedition with complicated models, charts, techniques and a lexicon that left me baffled. It took me months of annotations, underlining and highlights to make sense of economic text, which continues to date. During this time, I came across multiple pop culture economics references that were closely associated with daily life, more so than tortuous journal papers which often focus on very specific areas of research that aren’t very relatable. It seems impressive how pop culture references integrate the intricacies and complexities of economic concepts and principles into our daily experiences, while economic texts and journal articles feel distant and notional. <11an>limit:3;categories:PhD Programs;disciplines:Economics</11an> So, I got insights into economics’ most debated topics from philosophy, poetry, jazz, rap, satire, movies, podcasts, etc. For starters, consider the statement "Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair" which comes from a former baseball player, Sam Ewing. This humorous quote fits the general sentiment very well during times of inflation. We also have the Beatles singing about the government's tax policies, a topic you least exp…
disambiguating description: So, the economy is in crisis. Well, when is it not? The global economy is becoming like that one histrionic person that is always miserable, in shambles and crying for attention.
date posted: 2023-02-15T14:32:23Z
date modified: 2026-06-25T13:20:00Z
employment type: onsite
language: en
keywords: pop culture economics
keywords: consumer sentiment
keywords: Simtiha Ishaq Mir
keywords: pop culture
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The #EconMeToo Movement
type: Article
title: The #EconMeToo Movement
description: If you have your own insights about the #EconMeToo movement and would like to write a blog post about it, we invite you to contact us at submissions@inomics.com. Discrimination in Economics Not only are women outnumbered and underpaid in economics, they also face a disproportionate amount of harassment and discrimination within the field. These issues are unfortunately very common; an AEA survey found that 48% of female economists reported they had experienced discrimination based on their sex, compared to just 3% of male respondents. Some of these other forms of discrimination include not being invited to speak at panels as often as men, and receiving extra scrutiny during presentations relative to their male peers. Harassment in Economics A recent movement, dubbed #EconMeToo on Twitter, has drawn renewed attention to the sexual harassment, assault, and other abuses faced primarily by women in economics. This recent movement began when a professor of economics at an American university spoke out publicly against specific economists. They did so after allegedly being in conversation with a number of female economists who complained about sexual harassment and even assault. These public accusations have been controversial, but the accusers have alleged that very little was accomplished through official channels, and they had no other choice but to escalate. Part of the lingering frustration that has led to this movement is that even despite prior efforts to combat sexual harassment, there are a lack of meaningful consequences for perpetrators in certain spaces in economics. For example, in 2019, the AEA implemented a policy that allows economists to file complaints about sexual misconduct from others, particularly at conferences. Conferences are a realm where university policies often do not help prevent misconduct or punish perpetrators, because attendees are usually from different universities. However, since the AEA is a professional organization and does not have…
disambiguating description: We have previously written about the gender pay gap and the leaky pipeline in economics. This article highlights other gender-related issues within the field, particularly around gender-based harassment and discrimination in economics.
date posted: 2023-02-08T19:00:00Z
date modified: 2026-07-01T13:04:06Z
employment type: onsite
language: en
keywords: gender inequality in economics
keywords: Sean McClung
keywords: #EconMeToo
keywords: gender inequality
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Post-Pandemic Recovery of the Economics Job Market
type: Article
title: The Post-Pandemic Recovery of the Economics Job Market
description: However, our 2022 Salary Report delivered some good news: the job market for economists appears to have recovered significantly since the beginning of the pandemic. In this article, we will analyze the Salary Report’s findings and show how economist jobs appear to have recovered across the world. In the INOMICS Salary Report, we collected and analyzed survey data about economists’ careers worldwide. You can download the full report and examine the economics gender gap information in detail by downloading the Report. Economist employment levels and pay increasing after 2021 The Salary Report showed that fewer economists were unemployed during 2022 than in 2021. This is especially true for economists with Bachelor’s and Master’s degrees, according to our survey data: Just 2.2% of PhD economists were unemployed during the 2022 survey period, compared with 6.6% in the 2021 period. 4.4% of economists whose highest degree attained is a Master’s degree were unemployed in the 2022 survey period. For the 2021 period, this figure was 11.6%. About 21.7% of economists whose highest degree attained is a Bachelor’s degree were unemployed during the 2022 survey period compared to 51.4% in the 2021 survey period. The above figures clearly show that while PhD economists’ employment was least affected by the pandemic, even PhD economists have enjoyed a 4.4 percentage point reduction in unemployment since 2021 (i.e., from 6.6% down to 2.2% for a total reduction in unemployment of 4.4 percentage points). Meanwhile, Master’s degree economist unemployment decreased by 5.2 percentage points and Bachelor’s unemployment decreased by 29.7 percentage points. Moreover, earnings rose for economists in this period compared to earlier years. While PhD economist earnings rose 7.0% over the 2022 survey period, average Master’s earnings rose 26.3%, and average Bachelor’s earnings rose 32.1%. Taken as a whole, this data suggests that the job market for less-educated economists, which was more negativ…
disambiguating description: The outbreak of COVID-19 created a worldwide recession, and many people experienced reduced work hours or unemployment because of it. Economists were not immune from this. In early 2021, INOMICS reported that one third of economists (especially those in the Global South) faced negative impacts on their careers due to the pandemic. Most affected were economists working in the private sector, though economists in the academic sector faced other issues.
date posted: 2023-02-06T07:00:00Z
date modified: 2026-07-01T13:08:15Z
employment type: onsite
language: en
keywords: COVID-19
keywords: economics jobs
keywords: INOMICS Salary Report
keywords: Sean McClung
keywords: unemployment
keywords: economist careers
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

10 More Movies Economists Will Love
type: Article
title: 10 More Movies Economists Will Love
description: So, it’s no surprise that there are many films that can be thought of as economics movies. Some of them might not even be explicitly movies about economics, but nevertheless discuss themes that some economists study, like strategic behavior. As a follow-up to our popular article 10 Movies All Economists Will Love, we’ve collected 10 more movies that will surely give the economist in your life something to talk about. Next time you sit down for a movie night, be sure to give the following options a try! INOMICS is a member of the Amazon Associates affiliate program and the Apple affiliate program. This article contains affiliate links, which means we may earn money through any qualifying purchases made after you click through. However, this is not a sponsored post. 1. Up in the Air Up in the Air follows a corporate downsizer and motivational speaker (named Ryan Bingham, played by George Clooney) who specializes in helping companies lay off their employees. Although Ryan does this, he wants to do so in a sensitive way, and is against a new remote termination program that the company decides to implement. The movie explores some difficult emotions that may resonate with our own careers, and challenges the philosophies of life that several characters have. For those who enjoy a more personal movie that explores the human side of the economy and ends on a hopeful note, this is a good choice. 2. The Hunger Games The Hunger Games is a popular book and movie series from the mid-2010s that follows the story of a group of teens as they fight for survival. But under its surface the movie has surprising economic depth. The entire concept of the titular Games is something of a commentary on capitalism shown by the staggering system of wealth inequality between the glitzy Capitol and each of the Districts (which specialize in producing specific goods). Moreover, the characters attempt to secure sponsors before the Games begin to improve their chances of surviving, and their actio…
disambiguating description: Economics touches every aspect of our lives, whether we know it or not. Game theory, statistics and econometrics, politics, government policy, and of course finance are all aspects of economics that affect our daily lives.
date posted: 2023-01-09T10:00:00Z
date modified: 2026-07-01T13:10:10Z
employment type: onsite
language: en
keywords: movies
keywords: films
keywords: economics movies
keywords: economics films
keywords: Sean McClung
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Glass Ceiling and the “Leaky Pipeline” in Economics
type: Article
title: The Glass Ceiling and the “Leaky Pipeline” in Economics
description: In the INOMICS Salary Report, we collected and analyzed survey data about economists’ careers worldwide. You can download the full report and examine the economics gender gap information in detail by downloading the Report. One key feature of gender inequality in the workplace is that equally-skilled women may be passed over for career advancements (like promotions) in favor of men. The term “glass ceiling” is a metaphor for this artificial barrier that impedes women in the workforce. This effect has been well-documented in many industries, and may explain some of the gender pay gap. Quantifying the Glass Ceiling in Economics In order to examine the following figures fairly, we must take into account the overall number of women in economics. IDEAS/RePEc estimates that 26.2% of economists are women; meanwhile, 28% of our survey respondents were women. For more information on the gender ratio in economics, see The Gender Ratio in Economics in 2022. Proportion of Women in Academic Roles in Economics In academia, women make up larger relative proportions of people in less prestigious positions. There are more women than men in Postdoc, Research Assistant and Student Assistant roles relative to their sample sizes in our data. There are a roughly representative number of women in the PhD Candidate, Associate Professor and Lecturer/Assistant Professor roles. However, proportionally fewer women than men are full Professors of Economics. Proportion of Women in Industry Roles in Economics Industry roles exhibit a similar but more pronounced pattern. Although women make up only 27% of our sample, they account for a large proportion of entry or lower-level roles, particularly traineeships and internships. Meanwhile, the amount of women who are researchers/analysts or middle managers is slightly below what would be expected if there was no gender inequality. Finally, the number of women in executive positions is a mere 7%, far below what would be expected with equality. Research…
disambiguating description: The 2022 INOMICS Salary Report allowed us to examine the field of economics across employer types, job positions, and regions. This article continues with our look at gender (in)equality in economics by examining the glass ceiling. Below, we examine this effect in academia (economists employed by universities) and industry (other employer types).
date posted: 2023-01-02T10:00:00Z
date modified: 2026-07-01T13:11:07Z
employment type: onsite
language: en
keywords: leaky pipeline in economics
keywords: gender inequality in economics
keywords: Sean McClung
keywords: glass ceiling in economics
keywords: leaky pipeline
keywords: Glass Ceiling
keywords: gender inequality
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Gender Ratio in Economics in 2022
type: Article
title: The Gender Ratio in Economics in 2022
description: In the INOMICS Salary Report, we collected and analyzed survey data about economists’ careers worldwide. You can download the full report and examine the economics gender gap information in detail by downloading the Report. The Gender Ratio in Economics Compared to STEM fields Historically, economics has been a male-dominated field. IDEAS/RePEc estimates that 26.2% of economists are women. Meanwhile, 28% of our survey respondents were women. This is worth comparing to Science, Technology, Engineering and Mathematics (STEM) fields, which are notorious for being historically underrepresented by women: In the UK, according to UCAS data from 2022, 35% of STEM students in higher education are women. Computer science and engineering have the lowest proportions: in both fields only 19% of students are women. In mathematics and physical sciences, this percentage is in the 35-40% range. In our survey data, 29.7% of economists in the UK were women. According to the Pew Research Center in 2021, in the US women make up half (50%) of workers in STEM fields. However, this varies wildly by discipline; women made up 74% of workers in health-related jobs, but only 25% in computer-related jobs and 15% in engineering jobs. Among our survey respondents from the US, 32% are women. In the EU, 34% of STEM graduates were women in 2022. Out of the 27 EU countries, 22 have more male scientists than female. Eurostat data from 2021 shows that 41% of scientists and engineers in the EU are women, up from 32% in 2008. Our survey suggests there are fewer female economists in the EU: 31.3% of economists who responded to our survey from the EU were women. According to UNESCO Bangkok in 2020, in East Asia women made up 23.4% of research positions in STEM, while in South and West Asia women made up only 18.5% of these. The Brookings Institute reports (based on UNESCO data) that in sub-Saharan Africa in 2022 women made up 18-31% of science researchers. In our survey data of economists, 16.1% of respond…
disambiguating description: In late 2022, the field of economics came under additional scrutiny for its unequal treatment of women. This article will examine the relative share of women in the field of economics, complementing the analysis of our survey data in the INOMICS Salary Report. This is helpful context for other discussions of gender discrimination in economics, as many statistics can be better understood after learning about the distribution of men and women in economics.
date posted: 2022-12-29T09:00:00Z
date modified: 2026-07-03T10:49:39Z
employment type: onsite
language: en
keywords: women in STEM
keywords: gender equality
keywords: gender ratio in economics
keywords: INOMICS Salary Report
keywords: women in economics
keywords: Sean McClung
keywords: gender inequality
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Gender Pay Gap in Economics in 2022
type: Article
title: The Gender Pay Gap in Economics in 2022
description: Two quick notes before diving in – first, 99.8% of our 1,316 survey respondents identified as either male or female, so we will only consider these two genders in this article. Second, the numbers in this article have been adjusted with 2021 purchasing power parity data taken from the OECD, so some numbers in this article may not match their counterparts in the full Report. In the INOMICS Salary Report, we collected and analyzed survey data about economists’ careers worldwide. You can download the full report and examine the economics gender gap information in detail by downloading the Report. Overall Economics Pay Gap According to our survey data, male economists are paid 23.1% more than female economists on average. This broad figure is a worldwide average for economists at a wide variety of career stages and levels of education. How does the gender wage gap vary when we take a closer look? Gender Pay Gap by Highest Degree Held For PhD economists, men earn 20.4% more than women. For economists with a Master’s degree, this figure is 20.8%. Average Economist Wage by Gender and Degree Gender Pay Gap by Employer The gender pay gap varies substantially by the type of employer. Research institutions feature average pay that is higher for female economists on average. Unfortunately, this is the exception rather than the rule. Most employers exhibit a pay gap in favor of men. The worst offenders are private companies, governments, and universities, which show gaps of more than 20% each. Private businesses have the largest pay gap by gender, at almost 35% in favor of men. Wage Gap by Employer Type All of the preceding figures are worldwide averages. How does the pay gap change when examining specific regions? Average Regional Economist Wages by Gender and Degree The above graph shows a clear trend in most regions. Male economists with PhDs are paid the most, followed by female economists with PhDs, male economists with Master’s degrees, and female economists with Master’s …
disambiguating description: That gaps exist in economists’ pay and career attainment due to gender discrimination is not news. This article will discuss the findings of the 2022 INOMICS Salary Report as they relate to the gender pay gap in economics. Unless stated otherwise, the facts and figures in this article are taken from our 2022 survey data. INOMICS has previously published reports on the gender pay gap, but this is our deepest dive into the topic yet.
date posted: 2022-12-22T22:20:14Z
date modified: 2026-07-03T10:51:11Z
employment type: onsite
language: en
keywords: economist wages
keywords: INOMICS Salary Report
keywords: gender inequality in economics
keywords: Sean McClung
keywords: Gender Inequality
keywords: Gender wage gap
keywords: wage gap in economics
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
disciplines: finance
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)
discipline labels: Finance

30 Top Twitter Feeds in Economics and Finance
type: Article
title: 30 Top Twitter Feeds in Economics and Finance
description: On economics Twitter, anyone can challenge big name economists whom they otherwise wouldn’t have access to, promoting discussion. Many early-career researchers use the platform to share their job market papers, get in front of would-be employers, and advertise conference panels they are attending. Importantly, Twitter has also been a forum to call out abusive behavior against female economists with #EconMeToo. Although Twitter’s issues since Elon Musk took ownership of the platform have been widely publicized, no platform has yet achieved its level of reach and usability. Mastodon is one alternative that is becoming more popular, especially within well-defined niches like economics, but lacks the scale of Twitter. Whether you’ve been Tweeting since the site began or you’ve never sent a tweet, this list of thirty top economics and finance Twitter feeds includes many economists and organizations whose insight might be interesting for you. It includes institutions, individuals and groups from across the political and academic spectrum. In addition to this list (which is offered in no particular order), we of course encourage you to stay up to date with us @INOMICS. 1. @jenniferdoleac - Jennifer Doleac is an economics professor at Texas A&M University, host of the Probable Causation Podcast, and has been at the forefront of documenting #EconMeToo and pushing for meaningful action to stop the wide-scale abuse of female faculty and students. 2. @Mylovanov - Tymofiy Mylovanov is the President of the Kyiv School of Economics and Tweets of his daily experiences of running the school during the war and the daily threat of rocket attacks. 3. @Wootenomics - Econ Educator & UG Director at Virginia Tech who is the author of Parks and Recreation and Economics, which explains the foundations of economics through NBC’s hit TV show Parks and Recreation. 4. @rethinkecon - This Twitter handle shows students coming together to challenge their economic curricula and demand for better in …
disambiguating description: Over the years, Twitter has become a useful and prominent tool within the social media fabric, particularly for professionals looking to network and make connections. Many renowned economists use Twitter, and economics researchers often post research updates using the #EconTwitter hashtag.
date posted: 2014-09-14T22:00:00Z
date modified: 2026-07-03T10:54:10Z
employment type: onsite
language: en
keywords: twitter
keywords: economics
keywords: Social Media
keywords: online
keywords: Online resources
keywords: finance
type: blog
disciplines: economics
disciplines: financialeconomics
disciplines: socialscience
disciplines: generaleconomics
disciplines: finance
disciplines: economicthoughtmethodology
discipline labels: Economics
discipline labels: Financial Economics (JEL G)
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)
discipline labels: Finance
discipline labels: Economic Thought & Methodology (JEL B)

The Economics of Christmas
type: Article
title: The Economics of Christmas
description: In an earlier post we showed which countries spend the most and on what. This article will concentrate more on the economic arguments for and against the Christmas season. Without further ado, read on for our list of interesting economics articles and arguments about Christmas. 1. The paper “Present values: The Economics of Christmas” by Frontier Economics describes how game theoretical concepts such as signalling, sequencing and reciprocity can be applied to Christmas and what deadweight loss is caused while buying presents. 2. “Commerce Claus” tells the reader how Christmas gift-giving helps commit a major sin in economic theory – destroying value. Nevertheless, we’ve compiled our list of gift ideas for the economist in your life; ‘tis the season, after all! 3. Learn about fake vs. real Christmas trees and the whole industry behind it in the Economist’s article “Christmas tree wars: Making fir fly”. 4. “The economics of Christmas presents” describes how one can model the utility function of agents giving and getting gifts. It argues that gift-giving is not a waste by accounting for the surprise factor and how different people react to receiving gifts. 5. Chris Snowdon from the Adam Smith Institute gives an opposite opinion on the above topic in his post “The economics of Christmas”. He suggests that market failure in gift-giving can not be avoided due to asymmetric information. 6. The “goods” and the “bads” of consumer spending are covered in the musical Christmas economics video “Deck the Halls with Macro Follies“ by EconStories. Made at the end of 2012, this delightful video presents the ideas of several renowned economists about savings, spending and growth. 7. Marginal Revolution University has posted their own take on the Christmas gifts debate in an informative and light-hearted video. They eventually settle on giving cash to charity as an efficient gift that also supports the holiday spirit of giving. You can watch it on their channel here. 8. The consultin…
disambiguating description: Christmas is approaching. For many people this is a magical season, filled with songs and decorations, when you hope that all your wishes come true. Others consider Christmas to be a stressful time when you need to rush around to get presents for all your friends and family.
date posted: 2013-12-22T23:00:00Z
date modified: 2026-07-03T10:56:54Z
employment type: onsite
language: en
keywords: economics
keywords: Christmas
keywords: Behavioral economics
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)