2026 commemorates the 250th anniversary of Adam Smith’s great work An Inquiry into the Nature and Causes of the Wealth of Nations. This book has probably been read more than…
Category:
Economy
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Last month, Congress sparred with the president over a partial budget, but with few real cuts, America’s slow march toward an epic debt crisis went on undeterred. With over $38…
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I’ve taught Principles of Microeconomics (“ECON 101”) regularly now for nearly a half-century. The first such course I taught was in the Fall Quarter of 1982 at Auburn University, my…
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If you only followed the political feed, you would think the world is splitting into billionaires on yachts and everyone else eating instant noodles forever. Then you see the data,…
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What is President Javier Milei, really: a savior, or a bankruptcy trustee? An anarchist, a populist, or a classical-liberal reformer? Is he dismantling the casta — the entrenched political establishment…
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Wars test nations. They test military readiness, alliance cohesion, and political resolve. But they also test something less visible and just as important: fiscal strength. Just days before the United…
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The industrial age reshaped production and reorganized work, elevating coordination to a central concern for firms. In response, early approaches to management emphasized structure and control, with performance judged primarily…
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Every time conflict erupts in the Middle East and oil prices jump, the same anxiety follows: will central banks respond with tighter money? It’s an understandable fear. Households dislike inflation,…
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Daily headlines formulate new variations on the theme: artificial intelligence is too powerful to be left unregulated. Lawmakers, guardedly seconded by big tech CEOs, warn of catastrophe. Agencies draft frameworks.…
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In early December 2025, a cascading series of flight cancellations at IndiGo, India’s largest airline, brought one of the world’s fastest-growing aviation markets to a grinding halt, stranding tens of…