By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.…
How Venezuela Caught an Incurable Case of Dutch Disease
From the very beginning in 1922, Venezuela’s oil industry fueled governmental decisions that created an incurable case of Dutch disease.…
How Norway Avoided Dutch Disease
Avoided by Norway, Dutch disease is contracted by nations that let a commodity windfall dominate what they produce and spend.…
Six Facts That Explain How China Plans to Dominate World Trade
China’s economic development and much more will be propelled if its Belt and Road Initiative sends trillions to countries in three continents.…
Why Less Land Needs To Make More Food
With population growth adding almost three billion people by 2050, we need to figure out how to produce more food with less land and fewer emissions.…
Throwback Thursday: When McDonald’s Went to Moscow (and Maybe Changed the World)
Contemplating the impact of the McDonald’s Moscow, journalist Thomas Friedman suggested that nations that hosted the hamburger chain won’t fight each other.…
The Light Side of Economic Growth
Looking at William Nordhaus’s study of lighting history, we can see how increasingly cheaper illumination boosted our living standards.…
Celebrating Alexander Hamilton’s Economic Independence
Relevant today, the timeless ideas in Alexander Hamilton’s development plan are about sovereign debt, banking, and economic growth.…
Where to Find an Inventor
To fuel the innovation that jumpstarts economic growth, researchers have figured out less traditional ways that will encourage more people to become inventors.…
What Brexit Will Do to the EU Budget
About more than the U.K., Brexit also creates EU budget problems because of the 10 to 12 billion euros that the British will no longer give annually.…