Software's Creative Destruction

During 1989, a computer scientist wrote a memo in which he explained how information could be shared through a computer network. Two years later we had the first web pages and by 1998, one quarter of …

Fast and Slow Stock Markets

Goldman Sachs is asking $30 million for a firm that, 14 years ago, it purchased for $6500 million ($6.5 billion). The story (sort of) starts 222 years ago. Wall Street was where our first Congress met…

Tall and Short Populations

Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. Deaton explains that a population could be short …

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