At the end of last year, the IEA published Forever contemporary, its monograph commemorating the life and intellectual legacy of … Continue reading “Coase and the quest for an economics of the real world”

Poor people in developing countries are the modern day equivalents of serfs in early modern Europe, but instead of the … Continue reading “Review: William Easterly’s ‘The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor’”

Is inequality increasing or decreasing? The answer depends on our point of reference. In America, the income gap between the … Continue reading “Believe it or not: The world is becoming more equal”