What does it mean to be wealthy and how should we factor in say, life expectancy? Lyman Stone offers an interesting measure, lifetime consumption, taking in account (roughly) both years lived and how much one consumes in those years.
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Creative Destruction in a Nutshell
A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows...
Democracy and Capitalism are Mutually Reinforcing
Many people argue that democracy is incompatible with capitalism but they differ on whether democracy will kill capitalism or whether...
Ian Smith’s memoir *Bitter Harvest: The Great Betrayal*
Yes he used to run Rhodesia, and yes it is costly to buy this book because no one wants to...
The ai Boom
The tiny country of Anguilla (pop 15,000) has an official country top-level domain code for the internet of .ai. Domain...
