I’m not opposed to trade between countries and globalization in general. Not only because I think the world could only benefit from it in the long run, but also because it is a inevitable process.

However, I understand that in the short run, the dynamics of the world can generate losers in this process. Classical trade [...]

Already in India for more than two weeks I began to see some similarities with Venezuela of the 1980’s. The similarities are in terms of the labor market. I don’t know if I’m going crazy, or I’m home sick, but I will share those with you.

These are some of the kinds of Jobs that I’ve [...]

I think I may have just stumbled upon the holy grail of macro-economics. I think I have found qualitative evidence in support of the seemingly ridiculous intuition of the Real Business Cycle (RBC). RBC theories try to explain why there are booms or recessions which deviate the economy from their growing trend.

RBC created a revolution [...]

One of the assumptions that economists use very often is the “diminishing returns to scale” assumption, which means that each additional worker in your factory (keeping constant the number of machines) helps to increase your output but in a smaller amount that the worker that joined before him. For instance, if you have a guitar [...]