Category Archives: Society

(Spending) money makes us happy

(featured image credit: Boris Kasimov CC BY) Maybe our preoccupation with earning money is a bit misguided – and for more than one reason Imagine receiving a bonus of, say, £2,400. Not an insignificant amount – it is close to … Continue reading

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Money talks (but do we understand what it says?)

(featured image credit: Olivier Mabelly CC BY) What the flood of financial support for the rebuilding of the Notre Dame (and the reactions to it) tells us about ourselves Fires at famous landmarks understandably get a great deal of attention. … Continue reading

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Trade-offs, fast and slow

(featured image credit: domeckopol) Our biology determines how we make decisions, but we have a secret weapon Economics and biology are not the most obvious bedfellows. Standard economics has a reputation of assuming agents who have access to all relevant … Continue reading

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The trouble with tax

(featured image credit: Archives of Ontario CC BY) Taxation affects the economy, because it affects our behaviour. Is that impossible to avoid? Taxes are generally considered to be an inevitability, as the words of Benjamin Franklin, written in 1789, remind … Continue reading

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The price of attachment

(featured image credit: Les Chatfield CC BY) Value is in the eye of the holder, even more than in the eye of the beholder Something terrible happened to me last weekend. Well, that is what it felt like, anyway. My … Continue reading

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The unequal struggle between facts and conviction

(featured image credit: stevepb/Pixabay) When we argue on the basis of a conviction, we should be seeking to verify our position, rather than to confirm it “When the facts change, I change my mind. What do you do, Sir?” This … Continue reading

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Why are we giving gifts?

(Featured image credit: Peter Dutton CC BY) Lifting the veil over a mysterious custom This is the time of the year when it is obligatory for any piece with even the vaguest reference to Christmas, gifts, or economics to mention … Continue reading

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