Capitalism Da Capo
Authors tapping into the renewed interest in the history and nature of capitalism are stumbling over an unexpected problem: There’s no agreement on what capitalism is.
Channeling Alexander Hamilton
Crushing debt is prompting Europe to look to an unlikely source for wisdom and inspiration: an American Founding Father.
Before the collapse of Lehman Brothers, economic theory trumped economic history; no longer. But what does that history tell us?
Mind Your Malthus
Gregory Clark’s A Farewell to Alms aims to spoil our taste for Adam Smith with some warmed-over Malthus.
The theory that rapid economic growth is politically stabilizing seems too stupid to kill–but Mancur Olson tried.