Development Economics

How to Get America Back on Track

Introduction In my last post, I discussed the unfortunate state of affairs in the United States today. From a pre-industrial agrarian economy controlled by wealthy landowners, to an era of industrialization marked by the creation of a middle class and a period of prosperity, and ultimately a post-industrial phase where Read more…

Development Economics

The Intangible Wealth of Nations

A few months ago, the White House released its “New Strategy Toward Sub-Saharan Africa,” which contains four key bullets summarizing its approach.  The first, and most important, goal is one that has been a pillar of American foreign policy for decades: “Strengthening democratic institutions.”  The State Department has tried to Read more…