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And yes, I’m glad that sea turtle no longer has a straw up his nose. I hope he wasn’t quickly eaten by a shark, which is the leading predator of these animals.
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State-run or state-privileged companies have for many decades dominated European markets. But the moment the opportunity arose for others to enter the market, those very companies faltered, while others are currently prevailing. The benefits are immense.
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Edward Stringham speaks to the subject of economic growth on the popular BBC show “Talking Business”
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I could have eaten it without violating anyone’s rights, so far as I can tell. But doing so would bump into an idea that forms the basis of social order, the very distinction between what is mine and what is thine. And keep in mind that this norm thrives most (or only) in an environment…
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In so many areas, Obama seemed like an intelligent and thoughtful person, certainly someone who wanted to achieve some good. But even from his earliest extended interviews – however erudite and insightful – it was clear that he had a gigantic blind spot about fundamental economic topics. Most foundationally, the topic of wealth creation was…
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The “sweet spot” that facilitates spillover effects occurs with foreign firms with local market focus and highly tangible assets. Although the results are not uniform, this new research shows that far from being detrimental, foreign companies keep local ones on their toes, as locals search for ever better ways to serve customers and piggyback on…
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The continued growth of mobile money should excite anyone who believes private sector innovations are the best means of achieving sustainable economic and financial development across the developing world.
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The continued popularity of the cast-iron skillet illustrates a point. The purpose of technology is not to be new. It is not to complicate your life. It is not to do something never done before. It is not to confound, confuse, or disorient. The purpose of technology is to make your life better than it…
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Will we ever again trust the experts to run our lives, pick our leaders, tell us the news we need to know, plan our economy? It’s just not going to happen anytime soon.
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Consider our good fortune. A third of our lives are spent on mattresses. A solid sleep is determinative of a good life. And get this: you didn’t build that mattress. Someone else is working right now for you, in the hope that you will buy. That’s called the market at work: endless progress, a beautiful…
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Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse.
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FORTUNE — Robert Mundell and Allan Meltzer rank among the most influential economists of the past half-century. Mundell, a professor at Columbia University, garnered a Nobel Prize in 1999, in […]