Economic History

December 18, 2017

Why China Wants To Be Called a Market Economy

A year ago, China filed a formal complaint with the World Trade Organization (WTO). Targeting the European Union and the United States, China’s goal was to […]

December 15, 2017

How Many Peanuts Are in Real Peanut Butter?

Ruth Desmond was a 1960s housewife who regularly attended and then reported on FDA hearings in her newsletter. During one meeting she said to General Foods […]

December 10, 2017

The Economic Yardstick That (We Don’t Know) We Need

Please think GDP for a moment. Reported and revised during each quarter, GDP numbers create a reaction. If the growth rate is high, lawmakers assume their […]