Is Industrial Policy Like Vitamin C or Penicillin?
When it comes to building a well-functioning economy, is industrial policy a vital nutrient that must be taken regularly and in modest amounts to avoid a deficiency? Or is it a treatment that should...
The case for a global punitive tax on Russian oil
As I write, Russia’s army has entered Ukraine’s capital, Kyiv. It is clear now that the threat of sanctions did not dissuade Russian President Vladimir Putin from launching his invasion. But...
Green growth at the end of the flat world
We do not expect pineapples to come from Norway or papayas to come from the Sahara Desert. These fruits instead tend to grow in places with lots of sun and water. So, why is it that energy-intensive...
How Afghanistan was really lost
Assume you knew nothing about a particular low-income country except the following facts. Its annual income per capita in 2020 was just $509, the seventh lowest in the world. In the decade to 2019,...