David Landes wrote: “Why are we so rich and they so poor?” …most answers to the question … fall into one of two lines of explanation. One says that we are so rich and they so poor because we…
Blog Archives
Freedoms = Rights — Machine Gun Edition
Updated 2023/01/03 As Isaiah Berlin said, freedom for wolves is death to the lambs. Everyone likes more freedom, but all the freedoms that people debate about are contentious because increasing one person’s freedoms reduces the freedoms of others. In theory…
Small Is Ugly!
Updated February 2023. In the 1970s, one of the most popular books about economics and business was Small Is Beautiful by E. F. Schumacher. The book makes many valid points, but the title is misleading to suggest that small businesses are best.…
Posted in Development, Globalization & International
Economics of Slavery
There is a little bit of research on slavery that is buried in the back of some inequality research by Thomas Piketty and Gabriel Zucman (pdf) that just floors me. Check out this graph of the total wealth of different…
Small Is Ugly – Old Version
UPDATE: I posted a better version with more details. Click on the link. Most Americans work for someone else. Entrepreneurialism is rare. Would it be better for America if average firm size shrank and there were more, smaller firms? Economists…
Posted in Development, Macro
Medianism 