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number of items: 20
total items: 249
item list element: Does Competition Always Lower Prices?
item list element: New Economics Books - Q1 2026
item list element: The Intuition Behind Regression Analysis
item list element: New Finance Books in 2025
item list element: New Economics Books 2025
item list element: The Economics of Holiday Feasts: From Turkey to Tamales and more
item list element: The Best Christmas Gift Ideas for an Economist
item list element: A Closer Look at the Research That Won the 2025 Economics Nobel Prize
item list element: Academic Horror Stories – 5 Real Life Worst Nightmares for Halloween
item list element: An Objective Look at Tariffs
item list element: The Path to Tenure - In Discussion with Victoria Vanasco
item list element: Why I Didn’t Use AI for my PhD Application
item list element: The Price of Love - A Valentine’s Day Look at the Cost of Romance
item list element: The Rise of Digital Nomadism and Its Economic Implications
item list element: Women in Economics: Influential Voices and Rising Stars
item list element: Top Economics Podcasts for 2025
item list element: Distribution effects in a perpetual Bitcoin bull market: Who really pays for the Lamborghini
item list element: 2024 Nobel Prize in Economics- The Winners
item list element: The Top Economics Blogs to Follow in 2025
item list element: The Economics of Pokémon: Development, Pricing, and Wealth
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Does Competition Always Lower Prices?
type: Article
title: Does Competition Always Lower Prices?
description: Different types of competition affect prices differently Not all competition is created equal. Perfect competition, which features prices that drop to the point where firms are barely covering their costs, is the ideal of economic efficiency. It’s easy to see this in action in certain industries — petrol stations and grocery stores come to mind. Petrol (or gas) stations typically post their prices on large, easy-to-read signs. If you drive around town long enough, you’ll notice that the price of fuel at these stations tends to move in tandem. When one price falls, so do the others, and vice versa. Gas is a commodity — a good with little differentiation — so consumers tend to seek the lowest price, and firms have little ability to price it above their costs. This means that inefficient firms (i.e.: with high costs) are forced out of business as the most efficient firms (i.e.: low costs) set their prices near their low costs. Customers flock to the efficient firms, the inefficient firms shut down, and prices stay low. Budget-friendly grocers like the German chains Lidl and Aldi and the US chain Walmart are comparable. At these types of grocers, food prices tend to be quite low. And, it’s not uncommon to see promises of price matching among their aisles. You can even witness competition lowering prices yourself in some grocery stores. In the UK, Sainsbury’s is a grocery chain with a price match guarantee for Aldi. If a customer finds a good at Aldi that’s cheaper than it is at Sainsbury’s, the grocer will lower the price to match Aldi’s. This is a clear example of how perfect competition works — rather than lose a customer, a firm will lower its prices to match its rival’s. This perfect competition ideal is common, and it does genuinely lower prices, but it’s far from the only way that markets operate in the real world. Economists have identified several other types of competition where prices are set differently. Imperfect competition Many of the markets in today’s ec…
disambiguating description: Competition is one of the foundational concepts in economics. We’re taught in intro courses that competition lowers prices, because it allows markets to allocate resources efficiently. This is an example of Adam Smith’s “invisible hand” in action, a cornerstone of economic theory. But does competition always lower prices? The answer is, yes, sort of — it just depends on the degree of competition. Since that answer probably doesn’t satisfy anybody, let’s dig deeper.
date posted: 2026-08-05T11:17:02Z
date modified: 2026-08-06T14:20:00Z
employment type: onsite
language: en
keywords: Competition
keywords: Imperfect Competition
keywords: Inflation
keywords: Perfect Competition
keywords: Competition and Prices
keywords: Sean McClung
keywords: Stackelberg Competition
keywords: Cost of Living
keywords: Cournot Competition
type: blog
disciplines: microeconomics
disciplines: othereconomics
disciplines: publiceconomicspolicy
disciplines: economics
disciplines: macroeconomicsmonetary
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Microeconomics (JEL D)
discipline labels: Other Special Economics Topics (JEL Z)
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics
discipline labels: Macroeconomics and Monetary Economics (JEL E)
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

New Economics Books - Q1 2026
type: Article
title: New Economics Books - Q1 2026
description: The Future of Work in Developing Countries Edited by: Akbar Noman, Joseph E. Stiglitz, Arjun Jayadev Part of the series: "Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization" Published: March 6, 2026 Description: One of the most pressing issues in development today is the employment challenge in low- and middle-income countries. As more young people enter the labor force―and as structural transformation unfolds amid deindustrialization, technological disruption, and global competition―the question of how to create sufficient decent jobs has become central to the economic future of the Global South. Although this is a shared challenge across developing regions, it is particularly acute in Africa, where rapid demographic change and urbanization are colliding with limited industrial expansion. Bringing together leading international scholars, The Future of Work in Developing Countries examines the employment problem from multiple perspectives. By combining rigorous theoretical analysis with grounded empirical research, this book demonstrates that employment creation is not an automatic byproduct of growth but a political and institutional project. It offers fresh insights for scholars of development, political economy, and economic history, as well as for policy makers seeking strategies to promote inclusive transformation in Africa and beyond. Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead by Gary A. Hoover Published: February 17, 2026 Description: This book asks the reader a simple question: Is our economy a ladder or a lottery? Are people able to control their position on the economic spectrum by their actions? Some argue that, in our market-based economy, if you play by certain rules and make certain choices, you'll achieve upward mobility no matter what economic position you were born into. Drawing on his vast economic expertise, prominent economist Gary A. Hoover explores what this "social contract" requ…
disambiguating description: Here at INOMICS we are always on the lookout for a good econ read. Here is a selection of new economics book releases from the first quarter of 2026 (okay, one from the very end of 2025!). Our selection includes three new works on labour economics, with a focus on social welfare and economic development. Additionally we highlight two new books relevant for economic methodology, including a major new textbook for students on microeconomics, as well as a new book bridging the gap between behavioral economics and empirical methods. The final three books in our round-up include an eclectic mix of focuses, from an analysis of the status of the dollar as the primary reserve currency in the international economy, an analysis of the role of women in the international economy through prominent case studies like Taylor Swift, through to a new work looking at AI in Economics. Whether you are a student of economics or you are simply interested in economic topics, we wish you happy reading.
date posted: 2026-03-20T11:16:15Z
date modified: 2026-03-20T11:20:00Z
employment type: onsite
language: en
keywords: Economics Books
type: blog
disciplines: microeconomics
disciplines: othereconomics
disciplines: economics
disciplines: macroeconomicsmonetary
disciplines: socialscience
disciplines: labordemographiceconomics
disciplines: generaleconomics
discipline labels: Microeconomics (JEL D)
discipline labels: Other Special Economics Topics (JEL Z)
discipline labels: Economics
discipline labels: Macroeconomics and Monetary Economics (JEL E)
discipline labels: Economics and Social Sciences
discipline labels: Labor and Demographic Economics (JEL J)
discipline labels: General Economics (JEL A)

The Intuition Behind Regression Analysis
type: Article
title: The Intuition Behind Regression Analysis
description: It’s all about the variance The basic question behind many regression analyses is: how much does x affect y? Or, stated another way: when x changes, how much does y change as a result? This is a great way to think about what a regression is attempting to do. In essence, a regression measures how much of y’s variation results from x varying, ignoring the variation in other regressors (the Frisch-Waugh Theorem illustrates how a regression can isolate the effect of a single variable on y, but that’s beyond the scope of this article). The regression attributes whatever variation in y that x explains to a coefficient (usually denoted by a lower case beta symbol: 𝛽), and whatever variation x can’t explain to a term we call the “error”. Finally, statistics are computed that tell us how unlikely it is that the effect of x on y is due to random chance — if it’s very unlikely, we call it a “statistically significant” result. An example: Let’s consider high-end TV sales as our y variable, and “income of consumers” as the x variable. How should consumer income affect the sales of high-end TVs? Clearly, the wealthier people are, the more likely they are to spend money on a nice TV — or even multiple TVs. Therefore we’d expect a positive relationship between x and y. After gathering TV sales data and running our regression, if more TVs seem to be sold when consumers in the area have higher incomes (or after their incomes increase), we have some good evidence to support our hypothesis. The 𝛽 coefficient on the x variable “consumer income” might be statistically significant, and it can indicate by how much exactly an increase in income is expected to affect TV sales. This might sound straightforward, but much is happening “under the hood”. Before diving into some more complex scenarios, let’s draw a picture so we can visualize what’s happening when a regression is run. The geometry of regression analysis You’ve seen plenty of graphs in math classes before, with y on the vertical ax…
disambiguating description: Regression analysis is a key topic in economics, data science, and computer science, but its roots go further back than these disciplines. Sir Francis Galton is credited with the term, after studying the heights of parents and their children, and noticing that those heights tended to “regress” back towards the mean. That name became associated with this type of analysis, and has stuck, even though a more accurate name might have been something like “variance analysis”. We’ve written previously about what a regression analysis is. If you’re completely new to the idea of a regression, that’s a good place to start. In this article, we’ll look more closely at this tool in the data scientist’s, economist’s and statistician’s toolbox, to understand exactly what’s happening when we run one.
date posted: 2025-12-29T10:21:14Z
date modified: 2025-12-29T10:30:00Z
employment type: onsite
language: en
keywords: Regression Analysis
keywords: Understanding Economics
keywords: Economics Terms
type: blog
disciplines: economics
disciplines: socialscience
disciplines: econometricsstatisticsquantitative
disciplines: datascience
disciplines: generaleconomics
disciplines: statistics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Econometrics, Statistics and Quantitative Methods (JEL C)
discipline labels: Data Science
discipline labels: General Economics (JEL A)
discipline labels: Statistics

New Finance Books in 2025
type: Article
title: New Finance Books in 2025
description: If you are looking for a good read for yourself, or a present for a loved one, this is INOMICS pick of new Finance books published in 2025. Whether you are a student of finance, a professional in the field, or a lay-person looking to make good investment decisions, our selection contains something for everyone: from books diving into global financial systems, to personal finance guides, financial history books, and finance textbooks. New Books on Global Financial Systems and Financial Psychology 2025 Fixed: Why Personal Finance Is Broken and How to Make It Work for Everyone by John Y. Campbell & Tarun Ramadorai October 21, 2025 Two leading economists reveal why today’s personal finance markets are rigged against us and offer practical steps to fix them John Campbell and Tarun Ramadorai diagnose the ills of today’s personal finance markets in the United States and across the globe, looking at everything from short-term saving and borrowing to loans for education and housing, financial products for retirement, and insurance. They show how the system is “fixed” to benefit those who are wealthy and more educated while encouraging financial mistakes by those who aren’t, making it difficult for regular consumers to make sound financial decisions and disadvantaging them in some of the most consequential economic transactions of their lives. Campbell and Ramadorai describe how some even opt out of the financial system altogether, relying on unregulated and often shady mechanisms to implement necessary financial functions, with dire consequences for individuals, families, and the economy more broadly. With the explosive growth of the global middle class, longer lifespans, and greater numbers of seniors managing their money alone, the pitfalls of personal finance now affect billions of people around the world. Fixed proposes concrete solutions that harness the expertise of economists, the power of government, and the speed of technology to restore fairness and trust in our br…
disambiguating description: As 2025 draws to a close, we round up some of the new book releases in the field of finance.
date posted: 2025-12-12T14:56:06Z
date modified: 2025-12-12T15:00:00Z
employment type: onsite
language: en
keywords: New Finance Books 2025
keywords: Top Finance Books 2025
keywords: Finance Books
type: blog
disciplines: economics
disciplines: financialeconomics
disciplines: socialscience
disciplines: finance
discipline labels: Economics
discipline labels: Financial Economics (JEL G)
discipline labels: Economics and Social Sciences
discipline labels: Finance

New Economics Books 2025
type: Article
title: New Economics Books 2025
description: This is INOMICS pick of new books published from the end of 2024 and in 2025. Grouped into Political/Economic Commentaries, Economic Histories, and Introductions to Economics. Whether for yourself or as a gift, the selection below has something for everyone! 1) Political / Economic Commentaries Exploring political, environmental and social challenges from an economics perspective, these new books are up-to-date and relevant for issues facing global society. Often critical of political elites and economic structures, these new releases provide a provocative yet informed and academically sound basis to approach current affairs. Abundance by Ezra Klein & Derek Thompson Published: March 18, 2025 Description: #1 NEW YORK TIMES BESTSELLER • ONE OF BARACK OBAMA’S FAVORITE BOOKS OF 2025 From bestselling authors and journalistic titans Ezra Klein and Derek Thompson, Abundance is a once-in-a-generation, paradigm-shifting call to renew a politics of plenty, face up to the failures of liberal governance, and abandon the chosen scarcities that have deformed American life. To trace the history of the twenty-first century so far is to trace a history of unaffordability and shortage. After years of refusing to build sufficient housing, America has a national housing crisis. After years of limiting immigration, we don’t have enough workers. Despite decades of being warned about the consequences of climate change, we haven’t built anything close to the clean-energy infrastructure we need. Ambitious public projects are finished late and over budget—if they are ever finished at all. The crisis that’s clicking into focus now has been building for decades—because we haven’t been building enough. Abundance explains that our problems today are not the results of yesteryear’s villains. Rather, one generation’s solutions have become the next gener­ation’s problems. Rules and regulations designed to solve the problems of the 1970s often prevent urban-density and green-energy projects that wou…
disambiguating description: As 2025 draws to a close, we round up some of the new book releases in the field of economics.
date posted: 2025-12-03T13:15:39Z
date modified: 2025-12-04T14:25:18Z
employment type: onsite
language: en
keywords: Philip Coggan
keywords: Ezra Klein
keywords: Economics Books
keywords: Economics Books 2025
keywords: Nicholas Stern
keywords: Dan Wang
type: blog
disciplines: politics
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
disciplines: finance
discipline labels: Politics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)
discipline labels: Finance

The Economics of Holiday Feasts: From Turkey to Tamales and more
type: Article
title: The Economics of Holiday Feasts: From Turkey to Tamales and more
description: 1. The United Kingdom: Turkeys and the Supply Chain In the UK, the traditional Christmas centrepiece is the humble turkey, a staple popularised by Charles Dickens’s A Christmas Carol where Scrooge famously sends a boy to buy “the prize turkey.”1 Today, turkey consumption skyrockets by 400% during the holiday season, with millions of households featuring it in their festive feasts.2 This annual demand surge creates a ripple effect throughout the food industry, influencing prices and availability. Christmas food pricing is a balancing act between seasonal demand and retailer strategy. As the holidays approach, prices for staples such as turkey, ham, mince pies, and winter vegetables often rise due to supply chain pressures and increased consumer demand. However, supermarkets frequently position turkeys as “loss leaders,” selling them at heavily discounted prices—or even below cost—to attract shoppers.3 This strategy, while shielding consumers from steeper price hikes, intensifies competition among retailers and adds complexity to pricing dynamics. On average, UK households spend £8254 at Christmas, though only 12% of this goes to food. Recent challenges, including Brexit-related staffing shortages and rising production costs,5 have further strained turkey supplies, increasing prices and making affordable birds harder to find. For example, Brexit has significantly increased staffing costs in the poultry industry,6 leading to reduced turkey breeding and higher retail prices. Beyond turkeys, holiday demand has driven notable price hikes, such as mince pies costing an additional £2 last year and winter vegetable prices increasing by a staggering 27%.7 These pressures raise questions about whether traditional Christmas dinners will remain the go-to option for British households this year. As retailers and consumers navigate these challenges, the economic dynamics of festive food provide a fascinating lens through which to view broader market forces at play during the holid…
disambiguating description: Food lies at the heart of Christmas celebrations around the globe. Whether it’s tamales steaming in Mexican kitchens, turkey roasting in American ovens, or spiced mulled wine warming hands in Germany, the holiday season sparks a global surge in demand for traditional foods. This demand doesn’t just shape family traditions—it drives agriculture, small businesses, and supply chains worldwide. Let’s explore how festive feasts influence the economies of countries like the UK, Mexico, Germany, and more.
date posted: 2024-12-26T01:54:18Z
date modified: 2026-06-22T11:56:12Z
employment type: onsite
language: en
keywords: Economics
keywords: Christmas
keywords: Holiday
keywords: Celebration
keywords: Global
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Best Christmas Gift Ideas for an Economist
type: Article
title: The Best Christmas Gift Ideas for an Economist
description: If you have an economist in your life, but are struggling to come up with economics gift ideas, fear not. We're here with some fun ideas to help you find the best Christmas gifts for economists. INOMICS is a member of the Amazon Associates affiliate program and the Apple affiliate program. This article contains affiliate links from them and other partners, which means we may earn money through any qualifying purchases made after you click through. However, this is not a sponsored post. 1. Buy an Economics Bestseller: Empathy Economics or Disorder There is a rich history of books published about economics and by economists. Two economics bestsellers that you might consider are Empathy Economics and Disorder: Hard Times in the 21st Century. The first is a biography of Janet Yellen, the first female secretary of the US Treasury and the first female chair of the US Federal Reserve. In the second book, political economist Helen Thompson examines how energy economics and historic politics come together to affect the challenges facing western democracies today. 2. Arbitrage or The Informant! on DVD Two Hollywood films with economics themes, these are fun movies for specialists and everyone else too. Arbitrage stars Richard Gere as a hedge-fund magnate who has been cooking the books, who must go to extraordinary lengths to protect his secret after a chance accident. The Informant! stars Matt Damon as a corporate whistle-blower who reports his employer to the FBI for price fixing. Based on a true story, it's a funny and snappy movie about the ethics of big businesses. 3. A digital download of Too Big To Fail This documentary covers the financial crisis of 2008, based on the book Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--and Themselves. Exploring the crisis from the point of view of the inside players as they try to prevent a global economic meltdown, this informative film will be of interest to everyone involved …
disambiguating description: The holiday season is coming and Christmas is just around the corner. If you want to avoid buying presents for the holidays in a panic, you had better get to planning the gifts you'll be giving.
date posted: 2018-11-29T14:47:45Z
date modified: 2026-06-25T13:26:21Z
employment type: onsite
language: en
keywords: gift
keywords: economics
keywords: Christmas
keywords: Georgina Torbet
keywords: tips
keywords: economists
keywords: presents
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

A Closer Look at the Research That Won the 2025 Economics Nobel Prize
type: Article
title: A Closer Look at the Research That Won the 2025 Economics Nobel Prize
description: As was recently announced by the Nobel committee, economists Joel Mokyr, Philippe Aghion, and Peter Howitt won the 2025 Nobel Prize in Economics for their contributions in uncovering how technology-driven growth occurs. In this article, we’ll dive deeper into the specific research that won these luminaries the Prize, and what it means for the field. The Nobel laureates’ research asked and began to answer a very important question: what’s the secret behind such unprecedented, sustained, and world-changing economic growth? Let’s find out! Joel Mokyr Economic historian Joel Mokyr described how continual economic growth has its foundations in knowledge as well as the ability to make use of that knowledge. Specifically, he defined two different types of knowledge — propositional knowledge (which reflects advancements in theory) and prescriptive knowledge (which includes practical formulas, recipes, or etc. for use in industry or everyday life), and stated that sustained economic growth results when entrepreneurs, inventors, and other businesspeople are able to make use of them to produce new goods and services. By Mokyr’s theory, for most of human history these two kinds of knowledge seldom interacted. Artisans and builders knew how to make things, but didn’t always understand why the fundamental properties of their crafts worked. Meanwhile, scientists and philosophers deepened our understanding of the natural world, but were seldom able to connect their discoveries to practical, everyday uses. But scientists during the Enlightenment began to emphasize the importance of controlled experiments and repetition in the scientific process, which helped to bring their discoveries closer to the everyday working world. Further, Mokyr noted that Britain had a strong system of apprenticeship and commerce at the time, which resulted in a large class of workers with the “mechanical competence” to make use of new knowledge. Learning why things worked, and showing how natural relations…
disambiguating description: Technology-driven growth — the topic that won three economists the 2025 Nobel Prize — is a big deal! Throughout the vast majority of human history, living standards and per capita income were relatively unchanged, even despite breakthrough inventions and discoveries like fire, agriculture, and the printing press. Only in the late 1700s and early 1800s did sustained economic growth begin to occur, and economists have shown that most of this sustained growth happens purely because of increases in productivity.
date posted: 2025-11-03T09:13:52Z
date modified: 2026-06-22T12:02:48Z
employment type: onsite
language: en
keywords: Philippe Aghion
keywords: Economics Nobel Prize 2025
keywords: Joel Mokyr
keywords: Creative Destruction
keywords: Peter Howitt
type: blog
disciplines: publiceconomicspolicy
disciplines: economics
disciplines: macroeconomicsmonetary
disciplines: socialscience
disciplines: economicdevelopmentgrowth
disciplines: generaleconomics
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics
discipline labels: Macroeconomics and Monetary Economics (JEL E)
discipline labels: Economics and Social Sciences
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: General Economics (JEL A)

Academic Horror Stories – 5 Real Life Worst Nightmares for Halloween
type: Article
title: Academic Horror Stories – 5 Real Life Worst Nightmares for Halloween
description: Here at INOMICS we like to focus on the positive sides of academia – the great economics jobs, programs and other opportunities we encounter every day, and the many successful people taking advantage of them. In the spirit of the season, however, we’ve decided to take a look at the other side of things – scouring the depths of the internet for tales of mishaps, betrayal, embarrassing and outrageous experiences that all happened within the walls of the ivory tower. In this special Halloween blog post, we aim to give you chills and keep you on the edge of your seat with these blood-curdling academic nightmares. While we of course hope that you’ve never had such dreadful encounters, we would love it if you add your stories to our post on Facebook or Instagram! Share your spooky, panic-stricken or downright terrifying tales of academic horror, and offer your fellow academics a vicarious thrill. 1. Trivialized conclusions – A PhD candidate’s horror story This tale comes from the Academic Water Cooler blog. AWC writes that a star PhD candidate was just rounding the corner into the conclusions section of her pre-dissertation defense “brown bag” seminar when a young professor piped up with “Since you haven’t developed a theoretical basis for any substantive hypothesis, aren’t any of your conclusions therefore trivial?” Although the star PhD candidate was already teaching full-time and had numerous publications in the works, such a harsh blow – met with utter silence from everyone else in the room – knocked her off track so fully that shortly after the presentation she simply packed up her belongings, left the office and was never heard from again. An absolute nightmare! Browse jobs for PhD candidates 2. A rescinded offer – A new professor’s horror story This story is taken from a series of posts by The Professor Is In about rescinded job offers. The guest writer for this post tells of how she was in the midst of a postdoc at a large research university when she applied for …
disambiguating description: In this special Halloween blog post, we aim to give you chills and keep you on the edge of your seat with these blood-curdling academic nightmares.
date posted: 2014-10-29T23:00:00Z
date modified: 2026-05-11T16:18:30Z
employment type: onsite
language: en
keywords: Jokes
keywords: stories
keywords: academia
keywords: Humour
keywords: Halloween
type: blog
disciplines: marketing
disciplines: economics
disciplines: education
disciplines: law
disciplines: socialscience
disciplines: business
disciplines: psychology
disciplines: management
disciplines: generaleconomics
discipline labels: Marketing
discipline labels: Economics
discipline labels: Education
discipline labels: Law
discipline labels: Economics and Social Sciences
discipline labels: Business
discipline labels: Psychology
discipline labels: Management
discipline labels: General Economics (JEL A)

An Objective Look at Tariffs
type: Article
title: An Objective Look at Tariffs
description: There are two general opinions about tariffs that the public tends to hold. On the one hand, many people believe that tariffs are a good thing, as they can help boost the domestic economy by protecting domestic producers from foreign competition. It’s believed that this will result in more jobs for locals, and more money circulating amongst domestic hands. On the other hand, many people believe that tariffs are always a bad idea, because they make the prices of goods more expensive for everyday consumers regardless of whether those goods were imported or not. As with many things in life and economics, both of these perspectives have quite a bit of truth to them, but neither paints the whole picture. In order to answer our simple question, then, we’ll need to dive deeper into these perspectives and the use cases of tariffs. Tariffs make goods more expensive, create deadweight loss, and drive up prices Tariffs are a form of trade barrier, where a domestic government “artificially” increases the prices of foreign goods. We’ve already written about trade barriers and detailed how they can lower overall welfare (by creating deadweight loss), increase the costs of goods, prop up inefficient firms, and prevent economies from utilizing their comparative advantage. Thus tariffs are, from an economic perspective, inefficient for a number of reasons. An artificial price increase means that the market is forced away from its competitive equilibrium to one that has a higher price. Therefore, fewer consumers will participate in the market, and overall surplus to both producers and consumers is reduced. The deadweight loss created depends on how many consumers were pushed out of the market, which represents how many transactions were lost due to the government-induced price increase. Let’s consider this from another angle. If foreign producers can make a specific product, ship it to a different economy, and still sell it for a lower price than the domestic producers can, then (alm…
disambiguating description: The first half of 2025 brought with it a renewed focus on global trade wars, particularly as the United States government began to (again) question many long-standing global trade agreements — whether formally inked or traditionally observed. As a result, discourse about tariffs reached a fever pitch in the news and across social media. So, let’s ask a simple question: are tariffs good or bad for an economy, and the people within it?
date posted: 2025-07-03T11:19:00Z
date modified: 2026-06-22T12:06:33Z
employment type: onsite
language: en
keywords: Sean McClung
keywords: Trade Barriers
keywords: INOMICS Blog
keywords: tariffs
type: blog
disciplines: politics
disciplines: internationaleconomics
disciplines: publiceconomicspolicy
disciplines: economics
disciplines: socialscience
disciplines: economicdevelopmentgrowth
disciplines: economicsystems
discipline labels: Politics
discipline labels: International Economics (JEL F)
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: Economic Systems (JEL P)

The Path to Tenure - In Discussion with Victoria Vanasco
type: Article
title: The Path to Tenure - In Discussion with Victoria Vanasco
description: CN: You received tenure in 2023 at CREI, having worked there for around five years previously as a Junior Researcher. When did you decide that a tenured position was a career goal? VV: Most research positions are of the tenure-track form, but this is not a promise of tenure, and typically if you do not get tenure by a given date you have to leave. For most people working in Academia, tenure is a career goal, as without it we have to leave the institution where we are (and sometimes the city or country), when our tenure is denied. Ideally, you get tenure at a place you like. I was lucky to get tenure at a place I REALLY like. The question was then ¨when to go up for tenure¨, and when professional activities started demanding a lot of my time (referee reports, participation in scientific committees, conference organization, seminar invitations, etc), I felt it was time. "Fate was involved in the decision, as I did not get some jobs I would have found very attractive." Victoria Vanasco CN: You grew up in Argentina, before looking abroad to continue your academic journey. Was this a tough step to make? VV: It was hard to decide whether I wanted to pursue the PhD abroad vs look for a good job locally. Fate was involved in the decision, as I did not get some jobs I would have found very attractive. I decided to take it step by step. First, what do I need to do now to apply for a PhD in a year? A Masters in Economics, so I started with that. In the meantime, I got a job as a Junior Professional Associate at the World Bank in the Buenos Aires office. This position lasted only two years, as the World Bank encourages juniors to pursue their academic endeavours. That really helped. By the time I was done with my Masters and with my two years at the World Bank I was excited about pursuing a PhD. It was also hard to leave Argentina, but once again, step by step. I could always come back if I did not like it. I liked it so much, I never came back. CN: What factors influenced your…
disambiguating description: Victoria Vanasco is a Senior Researcher at CREI (Centre de Recerca en Economia Internacional) in Barcelona, Spain, as well as Adjunct Professor at Universitat Pompeu Fabra (UPF) and and Affiliated Professor at Barcelona School of Economics. As a newly tenured economist, she talks to Christopher Nash, Managing Director of INOMICS, about her career path. For readers currently working in academia with an ambition to achieve tenure, her experience offers valuable insight.
date posted: 2025-05-07T11:44:44Z
date modified: 2025-05-13T11:00:39Z
employment type: onsite
language: en
keywords: Path to Tenure
keywords: Interview with an Economist
keywords: INOMICS Interview
keywords: Victoria Vanasco
type: advice
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

Why I Didn’t Use AI for my PhD Application
type: Article
title: Why I Didn’t Use AI for my PhD Application
description: However, as a member of INOMICS’ editorial board, I found that AI tools back then lacked the ability to write a thorough, in-depth, and engaging article about economics topics such as how corruption can affect economic growth or the pros and cons of focusing on “mesoeconomics”. We decided to not use AI tools in our article-writing or editing process. Similarly, I decided not to use AI tools at all when I was applying for PhD programs. That’s not to say that I think these models can’t ever be helpful – I’ve found that AI LLM models are very helpful for one thing in particular: generating ideas. However, I’m serious about becoming a PhD economist, and was determined to submit the very best of my own writing for my applications. Further, there’s always a concern that using AI tools would be considered a form of plagiarism. I think not using AI tools at all for my application was the right choice, and I think it’ll be the right choice for you, too. What’s more, even if AI models become incredibly capable “economists” on their own, I think eschewing them will still be the right choice for your application process. Without further ado, let’s explore the reasons why. First: hallucination adds extra work, and relying on AI delays you from building your own expertise AI models are known to hallucinate. That means, when using them for an important purpose, checking the AI’s output for accuracy is critically important – but that adds work that I didn’t feel was worth it for my application. I felt that the effort I’d have needed to spend studying each aspect of the AI model’s output (to ensure it was accurate) would have been inefficient. Instead, I spent time reading the economics literature myself, seeing what interested me, and reading about how other economists in the space structured their research. This was very helpful, especially as I began to outline my own phd research proposal. Think of it this way: if you want to be a successful PhD student, you’ll need to understan…
disambiguating description: AI tools have become widespread since news of ChatGPT-3.5 prompted me, in early 2023, to make an OpenAI account. I remember sitting in a coffee shop, sipping on a latte, and holding a half-dozen “conversations” with the newly released model. I asked it a series of math questions. I asked it about politics and about poetry. I asked it to write me a short story. I even asked it questions about niche topics like Settlers of Catan to see if it “understood” strategy in the context of a game. And, of course, I asked it about economics.
date posted: 2025-04-28T12:39:00Z
date modified: 2025-04-30T10:07:54Z
employment type: onsite
language: en
keywords: AI Applications
keywords: PhD Application
keywords: AI in Economics
keywords: Research Proposal
keywords: AI in Academia
type: advice
disciplines: politics
disciplines: othereconomics
disciplines: labordemographiceconomics
disciplines: economicdevelopmentgrowth
disciplines: healtheducationwelfareeconomics
disciplines: economicsystems
disciplines: macroeconomicsmonetary
disciplines: laweconomics
disciplines: agriculturalenvironmentaleconomics
disciplines: generaleconomics
disciplines: businesseconomics
disciplines: economicthoughtmethodology
disciplines: industrialorganization
disciplines: microeconomics
disciplines: internationaleconomics
disciplines: publiceconomicspolicy
disciplines: socialscience
disciplines: datascience
disciplines: urbanruraltransportationeconomics
disciplines: economichistory
disciplines: economics
disciplines: financialeconomics
disciplines: econometricsstatisticsquantitative
disciplines: finance
disciplines: statistics
discipline labels: Politics
discipline labels: Other Special Economics Topics (JEL Z)
discipline labels: Labor and Demographic Economics (JEL J)
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: Health, Education, and Welfare (JEL I)
discipline labels: Economic Systems (JEL P)
discipline labels: Macroeconomics and Monetary Economics (JEL E)
discipline labels: Law and Economics (JEL K)
discipline labels: Agricultural and Environmental Economics (JEL Q)
discipline labels: General Economics (JEL A)
discipline labels: Business Economics (JEL M)
discipline labels: Economic Thought & Methodology (JEL B)
discipline labels: Industrial Organization (JEL L)
discipline labels: Microeconomics (JEL D)
discipline labels: International Economics (JEL F)
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics and Social Sciences
discipline labels: Data Science
discipline labels: Urban, Rural and Transportation Economics (JEL R)
discipline labels: Economic History (JEL N)
discipline labels: Economics
discipline labels: Financial Economics (JEL G)
discipline labels: Econometrics, Statistics and Quantitative Methods (JEL C)
discipline labels: Finance
discipline labels: Statistics

The Price of Love - A Valentine’s Day Look at the Cost of Romance
type: Article
title: The Price of Love - A Valentine’s Day Look at the Cost of Romance
description: Valentine's Day spending reflects the economic climate, with key factors affecting consumer confidence, inflation and jobs affecting people's spending2. When the economy is doing well, unsurprisingly, people spend more, buying bigger gifts and planning grand celebrations. So let's get into the economics of Valentine's Day a bit more. The Rising Costs of Valentine’s Day Valentine’s Day has evolved into a multi-billion-dollar industry, with spending trends rising each year. Many would argue that it has become a commercialised celebration driven by consumerism, where businesses capitalise on romantic expectations to boost sales. Social media has magnified these romantic expectations, where individuals often showcase their gifts and experiences, creating a culture of comparison and competition. The desire to "outperform" others in demonstrating love and affection further fuels consumer spending. The costs associated with celebrating love include: Gifts and Flowers: The price of roses often surges in February due to increased demand, demonstrating classic supply and demand principles. Florists and retailers anticipate this spike, adjusting prices to maximise profits during this peak season. Dining Out: Restaurants capitalize on the holiday by offering special (and often pricier) Valentine’s menus. Many establishments introduce fixed-price dinners with curated courses, which are marketed as exclusive experiences, thereby justifying higher prices. Jewellery and Luxury Items: Retailers view Valentine’s Day as a peak sales period, aggressively marketing high-end gifts as ultimate expressions of love. Campaigns often emphasize that nothing says "I love you" like a sparkling diamond or luxury watch, reinforcing the association between material value and emotional significance. Spending statistics reveal the staggering scale of Valentine’s Day as an economic event. The US tops the chart by a significant margin for average spending per person, with an astonishing $192.50. Accord…
disambiguating description: With Valentine’s Day approaching, it's intriguing to explore the economics of love—how much we spend, why we do it, and whether it’s worth the investment. Romance, like any market, operates on supply, demand and consumer behaviour with prices fluctuating based on cultural expectations and economic conditions. Valentine’s Day traces its origins to ancient Rome, where the festival of Lupercalia on Feb 13-15 celebrated fertility and matchmaking. Later, it was linked to Saint Valentine, a priest who secretly performed marriages against Emperor Claudius II’s orders and was executed on February 14, 269 AD. By the 14th century, poets like Geoffrey Chaucer romanticised the day, associating it with courtship. By the 19th century, mass-produced Valentine’s cards became popular, evolving into today’s global celebration of love, marked by gifts, flowers, and heartfelt gestures1.
date posted: 2025-02-11T11:41:09Z
date modified: 2026-06-23T10:00:45Z
employment type: onsite
language: en
keywords: economics
keywords: behavioural economics
keywords: cost
keywords: culture
keywords: valentines day
type: blog
disciplines: othereconomics
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Other Special Economics Topics (JEL Z)
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Rise of Digital Nomadism and Its Economic Implications
type: Article
title: The Rise of Digital Nomadism and Its Economic Implications
description: The Evolution of Work and the Rise of Digital Nomadism Office work has come a long way—from the rigidity of the nine-to-five office cubicle to the freedom of remote setups. The rise of cloud computing, tools like Slack and Zoom, and platforms like Upwork have enabled professionals to work from anywhere. The pandemic supercharged this shift, with 35% of US employees working remotely in 2023, up from 24% in 2019 (3). According to a 2023 study, over half the digital nomads surveyed worldwide were aged 30-39, with roughly 22% being aged under 30 (4) and working in fields like tech, software media, business and mathematical/data professions, that have embraced this lifestyle the most (5). Destinations like Lisbon, Bali, and Medellín have emerged as hotspots, offering a mix of affordability and strong infrastructure, as well as an appealing climate. Governments are also jumping on board, creating digital nomad visas to attract these workers while boosting local economies. Estonia, Croatia, and Barbados are just a few examples of countries that are making it easier than ever to work and travel. Macroeconomic Implications of Digital Nomadism Digital nomads bring foreign income into the communities they (temporarily) call home. Popular hubs like Bali and Lisbon see increased demand for co-working spaces, short-term rentals, and hospitality services. For instance, digital nomads contribute millions annually to Bali’s economy through tourism and service consumption (6). In Lisbon, thriving cafés, co-working hubs, and housing rentals cater to remote workers, reshaping local businesses. However, this boom comes with challenges. In popular hubs, living costs often rise, creating income inequality between nomads and locals. For example, in Lisbon, long-term residents have faced housing shortages as properties convert to short-term rentals for nomads and tourists. Carvalho a well-respected Professor of Economics at the University of Porto is hoping the Portuguese government can fin…
disambiguating description: Imagine waking up to a sunrise in Bali, working from a café in Lisbon, and closing your laptop for a hike in Medellín—all in the same year. Welcome to the life of a digital nomad. Digital nomadism is more than a lifestyle; it’s a transformative shift in how people approach work. Digital nomads are professionals who leverage technology to work remotely while travelling the globe, free from the constraints of a fixed office. This trend has gained massive momentum, driven by advances in communication tools, globalisation, and the COVID-19 pandemic, which normalised remote work across industries. The numbers back this up. According to Upwork, 36.2 million Americans will be working remotely by 2025—a staggering 87% increase from pre-pandemic levels(1). Buffer’s 2023 State of Remote Work report revealed that 91% of respondents have a positive experience with working remotely with 1% being dissatisfied and 8% feeling neutral. 98% of remote workers would recommend it to others (2). These trends show that technology and shifting work-life balance priorities are reshaping what it means to “have a job.”
date posted: 2025-02-20T22:59:59Z
date modified: 2026-05-13T20:20:45Z
employment type: onsite
language: en
keywords: Economics
keywords: Hybrid
keywords: Work
keywords: Digital
keywords: travel
keywords: DigitalNomad
keywords: nomadism
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

Women in Economics: Influential Voices and Rising Stars
type: Article
title: Women in Economics: Influential Voices and Rising Stars
description: Influential Female Voices in Economics Esther Duflo A Nobel laureate and professor at MIT, Esther Duflo has revolutionised development economics with her work on poverty alleviation. Duflo’s research employs randomised control trials to identify effective interventions in areas such as health, education, and agriculture. Her insights have influenced policies around the world, proving instrumental in the design of practical solutions to poverty. Alongside her contributions, Duflo co-founded the Abdul Latif Jameel Poverty Action Lab (J-PAL), a network aimed at reducing poverty through evidence-based research. You can follow her on X or read one of her Books ‘Poor Economics’ and ‘Good Economics for Hard Times’. Read our in-depth blog about her here. Janet Yellen Currently serving as the U.S. Secretary of the Treasury, Janet Yellen has been a pivotal figure in shaping modern economic policy. With a distinguished career that includes chairing the Federal Reserve, Yellen’s expertise in labour economics and monetary policy has been critical in guiding the U.S. through economic crises. Her approach to inclusive economic growth, as well as her emphasis on reducing economic inequality, continues to impact policy decisions at the highest level of government. You can follow her on X (@SecYellen) or read about her in recent articles from Forbes and The Financial Times. Claudia Goldin Renowned for her groundbreaking work on gender economics, Claudia Goldin has explored the evolution of women’s roles in the labour market, unveiling insights into wage gaps, labour force participation, and education. As a professor at Harvard University, Goldin’s contributions provide a deeper understanding of the economic forces shaping gender disparities, and her work has become a cornerstone of labour economics and social policy. You can read about her Nobel Prize Work or read one of her many books ‘Family and Career’ and ‘Understanding the Gender Gap’. Carmen Reinhart A distinguished economist s…
disambiguating description: Men have long dominated economics, but female economists have made remarkable contributions in recent decades. The work of female economists, together with that of their male counterparts, has redefined academic and policy landscapes and paved the way for greater inclusivity within the discipline. Women continue to bring diverse perspectives that enrich our understanding of global financial systems, economic growth, labour dynamics, and policy interventions. These women are not only changing the economic landscape but inspiring future generations to follow in their footsteps. Here are some of the voices we should all be listening to.
date posted: 2025-01-15T14:00:34Z
date modified: 2026-06-22T12:07:33Z
employment type: onsite
language: en
keywords: Economics
keywords: Women
keywords: Equality
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

Top Economics Podcasts for 2025
type: Article
title: Top Economics Podcasts for 2025
description: Planet Money Produced by NPR, Planet Money is a must-listen for anyone wanting to understand complex economic issues. This podcast covers topics like global trade, market changes, personal finance, and economic policies. It presents these subjects through engaging stories. Planet Money simplifies intricate concepts into relatable narratives, making it accessible to listeners of all backgrounds. Whether you're commuting, exercising, or just unwinding, it's an excellent way to stay informed without feeling overwhelmed. Check out a recent edition of Planet Money, following the re-election of Donald Trump as US President), about what markets bet President Trump will do (8 November 2024) : Your browser doesn't support embedded audio. Please follow the link above. 2. Freakonomics Radio Hosted by Stephen Dubner, Freakonomics explores the “hidden side of everything.” It uses economic theory to look at many unusual topics. This podcast looks at the economics of drug dealing and the effects of cheating on society. It encourages listeners to think differently about everyday events. They offer unique perspectives that push the boundaries of traditional economic discussions, making them intellectually stimulating and highly engaging. Check out a recent edition of the Freakonomics Radio Podcast asking whether Screen Time is as poisonous as we think (11 September 2024): <source src="https://stitcher.simplecastaudio.com/2be48404-a43c-4fa8-a32c-760a3216272e/episodes/6642f1c7-8948-4da0-8eb8-46dc5a073647/audio/128/default.mp3/default.mp3_ywr3ahjkcgo_114a0aa095f67f75ca66a9b698e66bc6_38865205.mp3?awCollectionId=2be48404-a43c-4fa8-a32c-760a3216272e&awEpisodeId=6642f1c7-8948-4da0-8eb8-46dc5a073647&nocache&hash_redirect=1&x-total-bytes=38865205&x-ais-classified=unclassified&listeningSessionID=0CD_382_336__c0b7a1ea2e25b39bfc1110e0ef9f7a882a4a5e43" type="audio/mpeg"> Your browser doesn't support embedded audio. Please follow the link above. 3. The Indicator A spinoff of Planet Money, The Ind…
disambiguating description: In an ever-evolving global economy, staying informed is more crucial than ever. Whether you are an economics student, a finance professional, or just curious, podcasts are a great way to learn. They help you understand economic trends, theories, and real-world applications easily and engagingly. So, we’ve assembled a list of some top economic podcasts you ought to have a listen to. You can find all these podcasts on Amazon, Spotify, and Apple Music. For your convenience, we’ve linked their web pages below. Happy listening!
date posted: 2024-11-19T15:41:38Z
date modified: 2026-06-23T10:01:25Z
employment type: onsite
language: en
keywords: podcast
keywords: economic
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

Distribution effects in a perpetual Bitcoin bull market: Who really pays for the Lamborghini
type: Article
title: Distribution effects in a perpetual Bitcoin bull market: Who really pays for the Lamborghini
description: 1. Introduction The debate over Bitcoin’s utility and sustainability dates back to Nakamoto’s 2008 white paper. Many economists see Bitcoin as a speculative bubble that will eventually burst, causing social damage through high energy use and illicit payments (Rogoff 2017, Roubini 2018, Avoca 2021, Taleb 2021). Many Bitcoin supporters, however, have changed their primary interest in Bitcoin as they see it as an investment asset with the potential for everlasting capital gains, encouraging even latecomers to invest and assuming no harm to those staying out. Our paper explores both Bitcoin’s original promise as a payment system and its current role as an investment asset. We argue that Nakamoto's (2008) understanding of retail payments was inaccurate and that this explains why Bitcoin has never been significantly used in legal e-commerce. Likewise, Bitcoin lacks the traits of financial assets: It does not generate any cash flow like real estate, interest like bonds or dividends like stocks, and it cannot be used productively like commodities (Bindseil, Papsdorf and Schaaf 2022). <o:p></o:p> In fact, many supporters now dispense with any reference to economic justifications as to why the Bitcoin price should rise or reach a specific level. They simply take further price increases for granted and promote the idea of Bitcoin as a pure investment asset. The list of those in favour of this financial situation without “reason” ranges from politicians and financial giants to sportsmen and Hollywood stars (Hoffman 2024, Bent 2024, Coindesk 2021, Gerard 2024, Bitfinex 2024, CNN 2024).<o:p></o:p> We therefore conclude that Bitcoin’s appeal is based on self-fulfilling beliefs in its rising value, fuelled by new investments (van Oordt 2024), but not supported by economic fundamentals or legal social utility, which also implies that Bitcoin has no impact on the economy's production potential. This means that the wealth gained by early adopters comes at the expense of latecomers. It…
disambiguating description: We examine the redistributive effects of Bitcoin in a theoretical scenario where its price continuously appreciates. Early adopters benefit from rising consumption and asset accumulation at the expense of later investors, who fund Bitcoin purchases by liquidating real assets and reducing their consumption. The analysis reveals that even in the absence of a crash, Bitcoin causes wealth redistribution that enriches early investors while reducing the real wealth and purchasing power of non-holders and latecomers. This dynamic, if unaddressed, risks eroding societal cohesion. Amid a record high market capitalization of USD 1.8 trillion following the 2024 election in the USA, this risk is higher than ever.
date posted: 2024-11-26T14:45:00Z
date modified: 2026-06-23T10:06:15Z
employment type: onsite
language: en
keywords: cryptocurrency
keywords: Ulrich Bindseil
keywords: Social Cohesion
keywords: Bitcoin
keywords: Research Summary
keywords: Jürgen Schaaf
type: blog
disciplines: othereconomics
disciplines: economics
disciplines: financialeconomics
disciplines: socialscience
disciplines: finance
discipline labels: Other Special Economics Topics (JEL Z)
discipline labels: Economics
discipline labels: Financial Economics (JEL G)
discipline labels: Economics and Social Sciences
discipline labels: Finance

2024 Nobel Prize in Economics- The Winners
type: Article
title: 2024 Nobel Prize in Economics- The Winners
description: The Research That Was Awarded the Prize The 2024 Nobel Prize in Economics recognised the transformative work of economists Daron Acemoglu, Simon Johnson, and James Robinson on the role of institutions in economic development. Their work explores how political and economic institutions influence a country’s success or poverty. Through their research, they argue that the legacy of colonial institutions has had long-lasting effects, shaping economic disparities worldwide. Nations where settlers established stable political institutions tend to have more successful economies, whereas countries where colonial powers primarily engaged in resource extraction often face economic struggles to this day. Their research has introduced a more nuanced perspective on economic development, highlighting the necessity for political and institutional reforms to address global inequalities. Their findings emphasize how inclusive institutions - those that allow broad access to resources and economic opportunities - are foundational to building stable and thriving economies. Detailing the Formation of Institutions and the Effect on Their Prosperity One of the core concepts of the combined work of this year’s prize winners is that of Extractive institutions versus Inclusive institutions. Extractive Institutions tend to centralize power and wealth in the hands of a few. They limit opportunities for the wider population and lead to slower economic growth and higher inequality in the longer term. Inclusive Institutions on the other hand allow a broad participation in the economy, protect individual rights and enable people to benefit more directly from their work. This leads to higher investor confidence and innovation and is associated with longer-term economic growth and prosperity. This builds on previous work by scholars working in the field of Institutional Economics. The 2024 winners expanded on this to explore how colonial history impacts today’s economies. A key aspect of the researc…
disambiguating description: The 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, more commonly known as the Nobel Prize in Economics, has been awarded to three influential economists this year - Daron Acemoglu, Simon Johnson, and James Robinson. The prize – worth 11 million Swedish crowns, or about $1 million or roughly €950,000 – was awarded by the Royal Swedish Academy of Sciences for their ‘studies of how institutions are formed and affect prosperity’ (Ricciuti), providing critical insights into why some countries achieve higher per capita incomes and others struggle with persistent economic challenges. Their work also emphasizes the importance of establishing robust institutions to support sustainable economic growth and social stability.
date posted: 2024-11-15T10:04:02Z
date modified: 2026-06-23T10:09:18Z
employment type: onsite
language: en
keywords: New Institutional Economics
keywords: Nobel Prize
keywords: NIE
type: blog
disciplines: internationaleconomics
disciplines: publiceconomicspolicy
disciplines: economics
disciplines: socialscience
disciplines: economicdevelopmentgrowth
disciplines: generaleconomics
disciplines: economicsystems
disciplines: industrialorganization
discipline labels: International Economics (JEL F)
discipline labels: Public Economics & Economic Policy (JEL H)
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: Economic Development, Innovation and Growth (JEL O)
discipline labels: General Economics (JEL A)
discipline labels: Economic Systems (JEL P)
discipline labels: Industrial Organization (JEL L)

The Top Economics Blogs to Follow in 2025
type: Article
title: The Top Economics Blogs to Follow in 2025
description: At INOMICS, we believe economics blogs offer a treasure trove of interesting, informative, and often unique perspectives. That’s why we’ve curated this list of our favorite blogs and podcasts to follow in 2025. Whether you're looking for real-time economic insights or a deep dive into economic theory, this list covers it all. Check out our top picks below and explore them for yourself! Staying informed and gaining new perspectives is important. It can give valuable insights into current economic trends, policy talks, and new research. Economic bloggers come in many types. 1. Marginal Revolution Written by George Mason University professors Tyler Cowen and Alex Tabarrok, Marginal Revolution is a top source for interesting ideas about economics. This covers policy discussions and cultural insights, making it essential for those interested in current economic topics. Their ability to connect economic theory to real-world applications makes this blog a crucial resource. 2. The Grumpy Economist John H. Cochrane is a Senior Fellow at the Hoover Institution. He provides clear and smart insights on economics, finance, and public policy. This blog is known for detailed data analysis and valuable discussions about financial and economic policies. He challenges conventional wisdom and encourages critical thinking. His clear, accessible writing style makes complex economic concepts coherent to a broad audience. 3. Calculated Risk Bill McBride’s "Calculated Risk" is a trusted source for understanding real estate, housing trends, and the economy. His detailed and data-focused approach helps readers, professionals, and academics grasp the complexities of the economy. This makes it a valuable resource for anyone interested in real estate economics. 4. Econ Log EconLog, run by the Library of Economics and Liberty, includes various contributors sharing ideas on economic theory, public policy, and classical liberal views. This blog offers a place for lively debate and different opinio…
disambiguating description: Staying informed on economic trends, policies, and research is key to gaining valuable insights into the ever-changing global economy. Whether you're an economics student, educator, or enthusiast, exploring different viewpoints is essential. Economics bloggers and podcasters come in all forms—some are academics like Gregory Mankiw and Paul Krugman, while others are insightful thought leaders like John Cochrane and Tyler Cowen. Their expertise spans from real estate to public policy and macroeconomic trends.
date posted: 2024-10-07T16:44:04Z
date modified: 2026-06-23T10:11:49Z
employment type: onsite
language: en
keywords: economics
keywords: topics
keywords: policy
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)

The Economics of Pokémon: Development, Pricing, and Wealth
type: Article
title: The Economics of Pokémon: Development, Pricing, and Wealth
description: The world that Pokémon presents has won over the hearts of kids and adults alike for decades. Trading cards, video games, movies and TV shows, collectible plushies, action figures, and much, much more have been commissioned from the franchise, earning it an impressive (estimated) $98.8 billion since its inception in 19961. The way this fictional world functions has some interesting implications for the economics of the society living there. Let’s assume that the internal logic of the world – people and Pokémon living in harmony in a seemingly modern world, where Pokémon can battle but do no lasting harm – is reasonable, and examine the implications for the economy. Domestication and industrialization in the Pokémon world The clear place to begin is by examining the economic implications of the Pokémon themselves. The Pokémon world features an absolute abundance of these essentially magical creatures, and they’re both unquestionably friendly to humans and easy to domesticate. The existence of Pokémon should lead to a massive boost in economic productivity compared to a world without these creatures, leading to rapid industrialization with a fraction of the human population. In our world, domesticating creatures like oxen, horses, cows, and camels led to massive changes in our quality of life, allowing humans to cultivate consistent sources of wool, meat, and muscle power. Both livestock and work animals were major factors helping early humans build their societies and grow – in fact, according to Jared Diamond’s Guns, Germs and Steel and other research, having animals nearby that were domesticable and useful was a major factor in determining how rich societies would be centuries later. Now, just picture an ox that can control the weather in addition to pulling your plow, and you’ll have a good idea of why early Pokémon-world societies would have skyrocketed past our own in development. Many Pokémon have powers relating to one of the nineteen elements identified by th…
disambiguating description: Almost everyone has heard of Pokémon: it’s the highest-grossing media franchise in the world1. The core concept is also familiar to most people – in the Pokémon world, quasi-magical creatures live alongside people in idyllic, family-friendly harmony.
date posted: 2024-09-16T19:49:18Z
date modified: 2026-06-23T10:19:09Z
employment type: onsite
language: en
keywords: Pokémon
keywords: pokemon
keywords: Sean McClung
keywords: economic development
keywords: sustainability
type: blog
disciplines: economics
disciplines: socialscience
disciplines: generaleconomics
discipline labels: Economics
discipline labels: Economics and Social Sciences
discipline labels: General Economics (JEL A)