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The rapid growth of sovereign wealth funds (SWFs) in the last few years has important theoretical implications for scholarly debates concerning the political economy of global finance. It signals a re...
That the “Waron Poverty” that commenced in the late 1960s would have retarded and perhaps even reversed the rate at which people advanced above some arbitrarily established poverty level would have...
Pushed along by the failures of socialism, the idea that a market economy provides the foundation for prosperity has gained widespread acceptance in recent years. Many countries have moved toward an...
Many studies suggest that the key determinants of economic development are the accumulation of physical and human capital and technological improvements. Traditional neoclassical growth theory (e.g...
In 1971, Chile’s president Salvador Allende, a Marxist, got congressional approval for a constitutional reform that gave the state “absolute, exclusive, inalienable, and imprescriptible” ownership o...
On the anniversary of 9/11, and after the publication of his earlier book, The End of Poverty, Jeff rey Sachs made an appearance in Washington’s National Cathedral, billed as the prophet of the ...
Men in the United States with family incomes in the top 5 percent of the distribution in 1980 had about 25 percent longer to live than did those in the bottom 5 percent. Proportional increases in inco...

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