Tag Archives: nations

All the difference in the world

It is among the grandest topics in scholarship: Why do some nations, such as the United States, become wealthy and powerful, while others remain stuck in poverty? And why do some of those powers, from ancient Rome to the modern Soviet Union, expand and then collapse? From Adam Smith and Max Weber to the current […] … learn more→

Wisdom of crowds

In developing nations, anti-poverty programs face a basic hurdle: Who, exactly, is poor enough to qualify for the aid being given out? Emerging states often lack the official records, such as income and tax documents, that are used to make those judgments in wealthier countries. Now, a novel study co-authored by two MIT economists has […] … learn more→