Month: June 2012

Why Nations Fail

The question why some nations are rich while others are poor is not new. It has been the focus of economists for centuries. The great Scottish economist and moral philosopher Adam Smith dealt with that in his famous book, An… Read More ›

India is Poor by Choice

Economic growth, development, progress—whatever you call it—is neither inevitable nor impossible. There are lots of examples of economies that continue to struggle with economic growth. And there are many examples of economies that have made rapid progress. What distinguishes the… Read More ›