Macroeconomics and international trade encompass subjects as diverse as tax rates to the theory of the firm. Our global economy combines policies, ideas, agents, and cash flows in a dynamic environment that, in part because of its unpredictability, attracts the attention of the world's best economis[...]
"Institutions and Economic Performance" explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not oth[...]