The 1990s Consensus: Lessons Learned on Free Trade

Number of words: 2,614 Paul Krugman, Nobel-prize winning economist and avowed champion of free trade, admits he and his colleagues got a few things seriously wrong about globalization, in particular around its downside impact on local labor markets.  “We missed a crucial part of the story,” Krugman wrote in a Bloomberg article in October, referring to members of … Read more

The Relentless Pursuit of Success Among Silicon Valley Millionaires

Number of words: 3,331 In 2007, Gary Rivlin wrote a New York Times feature profile of highly successful people in Silicon Valley. One of them, Hal Steger, lived with his wife in a million-dollar house overlooking the Pacific Ocean. Their net worth was about $3.5 million. Assuming a reasonable return of 5 percent, Steger and his wife were … Read more

The Unforeseen Economic Revolution of China

Number of words: 1,079 China’s economic growth has lifted hundreds of millions of individuals out of poverty. The resulting positive impacts on the material well-being of Chinese citizens are abundantly evident. Beijing’s seven ring roads, Shanghai’s sparkling skyline, and Guangzhou’s multitude of export factories none of which existed in 1980are testimony to China’s success. What … Read more