Global Economy

The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate with

One of the most common ways in which cronyism manifests itself in Serbia is when professional degrees and employment positions are awarded based on political party membership, and not on the basis of professional expertise.

The Argentine government has a habit of spending without restraint and then trying to cheat its creditors.

Confining our attention to large scale slavery, we find that it is historically quite a rare phenomenon.

Sidney Lens, by his analysis of the roots of the Cold War In The Futile Crusade, Anti-Communism as American Credo, challenges observers of

Booms and busts are brewing in the real economy, but computers that can quickly solve math problems won’t tell you much about how business cycles w

This book provides the basis for some anti-free trade arguments. For instance, Paul Craig Roberts asserts that Gomory and Baumol “explode the free trade assumption

In his book The Theory of Economic Development, Schumpeter (1934) pointed out that entrepreneurs are prime movers of economic change. The entrepreneurs described by Schumpeter were innovators.

Recent events in the US — high unemployment, record federal deficits, and unprecedented financial distress — have raised serious doubts about the future of the dollar.