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Economic History

The Bottom Line Is That There Is No Bottom Billion

Morten Jerven | Posted 06.15.2016 | World
Morten Jerven

For the past two decades, mainstream economists who study African economic growth have been trying to explain something that never happened. Economists have focused almost exclusively on one question: why has economic growth failed in Africa?

Bismarck at 200: A Blueprint for Europe?

Patrick Daniel | Posted 06.29.2015 | World
Patrick Daniel

"Study history, study history," espoused Sir Winston Churchill. "In history lies all the secrets of statecraft." At the 200th anniversary of Iron Chancellor and Prussian statesman Otto von Bismarck, the hidden lessons from this remarkable statesman remain ever vital for the future of Europe.

Economic History and Thanksgiving

Kevin Price | Posted 01.24.2015 | Business
Kevin Price

Thanksgiving is certainly one of my favorite holidays. As an adult with many children, Christmas has lost some of its charm and there are few things more enjoyable than getting fat and watching holiday specials (especially those important football games).

The Top Eight Reasons I Made the Move: Princeton, One Man's Paradise

Steve Mariotti | Posted 08.09.2014 | Education
Steve Mariotti

Princeton has already become a wonderful home for me, and has helped me grow intellectually and in other ways, as well. May you also find the wealth that I have discovered here.

Trust and Money

Ricardo B. Salinas | Posted 01.23.2014 | Business
Ricardo B. Salinas

Despite some recent apparent signs of improvement, in the past two years we've had very negative economic news from Europe, particularly from countries such as Spain, Ireland, Greece, Cyprus, Italy, and Portugal. High unemployment, failed banks, fiscal insolvency, and a growing distrust of markets are just a few of the difficulties.

Saving the Ludwig von Mises Papers: How the Holocaust Museum Helped Uncover a Nazi Treasure Trove in Moscow

Steve Mariotti | Posted 11.23.2013 | Business
Steve Mariotti

Although the Gestapo failed to nab Mises, they ransacked his apartment, confiscating his manuscripts. Miraculously, though, his long-lost papers were discovered in a secret Moscow archive in 1996.

Fogel, Temin and the decline of economic history

Robert Teitelman | Posted 08.27.2013 | Business
Robert Teitelman

As Paul Krugman might say, let's indulge in some wonkiness. The subject: economics, with a particular focus on the institution where Krugman himself b...

Supply Shock: The Journey

Brian Czech | Posted 07.07.2013 | Books
Brian Czech

Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn a new language. The longer the book-writing, the longer the journey.

Why Do Nations Fail?

David K. Levine | Posted 01.23.2014 | Books
David K. Levine

Why Nations Fail is grand history in the style of Jared Diamond. Provocative and fun, the theme is that the reason nations fail or succeed is not economic policies, geography, culture, or value systems -- but rather political institutions.

Free Trade is Making America the New Portugal

Ian Fletcher | Posted 11.01.2011 | Business
Ian Fletcher

America doesn't need to cut itself off from the world entirely, but it does need to get wise to the fact that the rest of the world views trade (correctly) as an arena of national rivalry, and start playing the game.

Economic History Holds the Answers

Paul A. London | Posted 09.30.2011 | Business
Paul A. London

It took the United States 10 years to recover from the Crash that ended the stock speculation of the late 1920s. It may take longer to emerge from the aftermath of the housing crash of 2007.

In Praise of Mercantilism (or Why Economic History Isn't Boring)

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Mercantilism has somewhat different application in developed, rather than developing, nations, but its fundamentals still hold good. We at least need to defend against mercantilist aggression against us, something we are not doing.

Unemployment and Economic History

Paul A. London | Posted 05.25.2011 | Business
Paul A. London

If you want to understand what the U.S. faces today with no prospect of bringing unemployment down to 3 or 4 percent you need to read Since Yesterday,...

America Aping Britain's Historic Decline Through Free Trade

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is easy to forget that until about 1850, Britain, not the U.S., was the world's leading economic power. But then, of course, they blew it. There were many causes of this decline, but free trade was undoubtedly a major one.

Let's Worry About The Economy Like It's 1992

New York Times | David Leonhardt | Posted 05.25.2011 | Business

In April 1992, having just dispatched his rivals for the Democratic nomination, Bill Clinton went to the Wharton School at the University of Pennsylva...