Articles

Aging in Sweden - Mälardrottningen in Stockholm

Aging in Sweden

Following a comment from Kenny Petersson on the "Aging in Japan" post, I thought I would have a look at the aging problematic in Sweden, using the same charting and statistics I have presented for Japan. What it reveals is interesting, beyond the natural expectation that it would be quite different. What is the story … Continue reading Aging in Sweden

The difference between cost and price

The difference between a cost and a price

Let's start this series with a fundamental question on the economic approach: Why is there a difference between a cost and a price ? Understanding the difference between a cost and a price is key in understanding economics. As we look at people, economists pay attention to everyone's perspective – even when they're aggregated in … Continue reading The difference between a cost and a price

Aging in Japan: The magnitude of the challenge

Demographic changes are tsunami: it flows through all aspects of personal life, social structures, labour market and economy. For the last fifty years and as projected for the next decades for as long as one can make projections, Japan experiences an extended, severe wave of aging. This post looks at the magnitude of the challenge. … Continue reading Aging in Japan: The magnitude of the challenge

My two cents on Bitcoin

Bitcoin may be worth more than this, but I'll only give two cents for it. TL;DR The infamous cryptocurrency, Bitcoin, saw its value explode in a matter of months. It was at $1,000 / bitcoin at the beginning of 2017, $6,000 a month ago, and around $15,000 today (well, stay put, that will change again … Continue reading My two cents on Bitcoin

Reader and listener on a bench

Academic gap: Any progress since 2012?

In summary In two earlier posts, I proposed a metric to measure the "academic gap" – the distance between students performing the lowest and the recognized international benchmark for "average or standard performance". I measured the evolution of the academic gap between 2006 and 2012. In this post, I'm updating the profiles of the countries … Continue reading Academic gap: Any progress since 2012?

July 29, 2013 protest at McDonald's in New York City. Photo by Annette Bernhardt

Minimum Wage Policy in the United States

The introduction of minimum wages in the United States The early 1930s were the years of the Great Depression, an economic recession that affected  the United States as well as most of the European metropolises. This crisis led many countries to enact social policies or reevaluate those in place to protect workers and stimulate the industry. … Continue reading Minimum Wage Policy in the United States

EndNote to Excel

From EndNote to Excel

Below, I'm presenting tips and codes to transfer a library from EndNote to Excel using an (EndNote) Output Style File. Before using the code, you should note that only the following reference types* will be correctly exported: journal articles, book, book section, edited book, conference proceedings, report, thesis, blog post, electronic article, web page, generic. … Continue reading From EndNote to Excel

The economist and the doctor: Jean Tirole’s parallel and contrast

Both of us, Patrice and Gatien, have started to read the recent book (May 2016) of Jean Tirole, a French economist, Nobel Prize in Economics in 2014, entitled Economics of the Common Good (published in French: "Économie du bien commun"). In the first pages, we come across a parallel between economics and medicine, that calls … Continue reading The economist and the doctor: Jean Tirole’s parallel and contrast

From Excel to Stata

Below, I'm presenting tips and codes to start a Stata program (a.k.a. a DO file) based on data from an Excel spreadsheet, with procedures that you cannot find in the contextual menu of Stata. Before using the code, you should note: In Stata, columns are variables, while rows are observations; I am using Stata 13: … Continue reading From Excel to Stata