Santa Claus’s impact on the business cycle

Dear Economist, When you think about it, Christmas is a strange ritual. Is there any economic logic to it? FR, London Dear FR, The late Cambridge economist, Nicholas Kaldor, is said to have observed that the money supply surges in December and then falls back in...

Why Not Start Your Weekend on Wednesday?

Were an alien to pick up our news channels, it would conclude that human civilization depended on the production and purchase of cheap plastic rubbish. First came the concern that we might talk ourselves into not spending enough, then the fear that the banks...

What’s the best Christmas present?

Dear Economist, Can economics help me pick out the perfect Christmas gift for my brother? Tim Maly, Ottawa, Ontario, Canada Dear Tim, Your letter obliges me to disinter the influential research of the economist Joel Waldfogel on the “deadweight loss of Christmas”....

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