The World’s Freest Nation?

The World’s Freest Nation?

When writing Friday’s column about Somalia, I noticed that I have not written about the Human Freedom Index (HFI) since 2016 and 2018. Let’s rectify that oversight by highlighting the results from the most-recent edition of that publication. But first, some...
The (Anti-) Convergence Club

The (Anti-) Convergence Club

Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations. This means that we can learn important lessons by looking at examples of “divergence,” and I...
The Economics of Inequality

The Economics of Inequality

In my four-part series on inequality (here, here, here, and here), I argue that that it is more important to instead focus on reducing poverty – especially since we know the policies needed to achieve that latter goal. In this discussion, I contemplate...