Economic Growth

July 7, 2014

The Difference Between India's Stories and Statistics

There is a village in Southern India called Kadapakkam. It had been a home to farmers and fishermen whose thatched huts had no running water and no electrical appliances. At traditional tea shops […]

July 4, 2014

Celebrating Economic Independence

Yes, the United States declared independence from Great Britain on July 4, 1776 and won the American Revolutionary War. But still, we were not truly independent. George Washington’s Secretary of […]

June 17, 2014

Six Facts About Australia From The "World Cup of Everything Else"

In a long list of categories that they called, “The World Cup of Everything Else,” WSJ created brackets from the 32 World Cup teams and determined the winners. […]

June 13, 2014

What Golf in China Shows About Economic Development

On a ladder of spending in developing economies, growing affluence first means wheat and meat. Then, climbing somewhat higher, people can afford consumer durables like a washing machine and […]

June 2, 2014

Gender Issues: The Invention of Wings

Our Monday gender issues focus Combine 1 great read, 2 crucial issues and 3 memorable women (2 who really existed) and you get The Invention of Wings by […]

June 1, 2014

Should GDP Include Illegal Drug Deals?

In 1987, Italy decided to include its “off-the-books” economy in its GDP. The result was an 18% boost. Now, further complying with EU accounting regulations, Italy […]

May 31, 2014

An Amazing Story From a Graph

Sometimes one graph can tell a whole story:   A 4-minute animation can also convey a much bigger story. Looking at the same time period as our […]

May 20, 2014

Production Possibility Frontiers: Entering (and Exiting) a Discovery Void

After technological innovation multiplies, might the pace of discovery slow down? Think of the history of antibiotics. Starting with the Sulfa drugs that were first discovered during […]

May 19, 2014

Gender Issues: Literate Women

For millennia, men have tried to stop women from learning to read. Before we look back, I wanted to share these World Bank maps that let us see the […]

May 4, 2014

Surprising Hand-To-Mouth Households

Close to one third of all households (38 million) in the US live hand-to-mouth. Like me, perhaps you have always assumed that a hand-to-mouth (HtM) household […]

April 27, 2014

When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary […]

April 20, 2014

Which Countries Want You to Have a Baby?

It is a recipe for demographic disaster when you have too many old people and not enough babies. The problem is the size of the working […]