World History

Marx and Engels denied that the individual played a role in historical evolution, and the idea of “individualism” remains an important antidote to Marxism today.

The euro is moving further away from the original German idea of the common currency. Instead, the euro has become the tool of southern Europe, which seeks inflation to keep the gravy train going. 

It is popular to assume that colonialism explains most modern-day dynamics in the developing world. But what if precolonial institutions are the real deciding factors?

It is popular to assume that colonialism explains most modern-day dynamics in the developing world. But what if precolonial institutions are the real deciding factors?

Although some conservatives may insist that the classical liberals are necessarily opposed to a "God-centered" social order, the historical facts suggest otherwise. 

In recent decades, Chile set itself apart from the rest of Latin America with successful market reforms and a stable political system. Average Chileans prospered. But now that's all at risk. 

Monetary inflation helped bring on the Terror and set French progress back a generation.

"While many academics in the developing world view economics as a zero-sum game, I never entertained the argument that wealth is necessarily due to exploitation."

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.