When you sing happy birthday to Alexander Hamilton today, please just think of this upward sloping (logarithmic) economic growth line: Today, 257–or maybe 259–years ago (no one is positive) on the Caribbean island of Nevis, Alexander Hamilton was born. Only…
Economic Thinkers
Starting with Adam Smith and The Wealth of Nations, continuing to Malthus, Ricardo, Keynes, Hayek, Friedman, Sen and others, the timeless ideas of economic thinkers provide understanding of the contemporary economy.
One Reason That Geography Matters
Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan and the British Isles are modern industrial societies. Both are north/south archipelagos located in…
Income Inequality Questions
Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. Mandelbrot told us that the closer you look, the more you see. From a…