If every voter were an economist (ghastly thought), elections would be easy to forecast. The performance of the economy would reliably predict consumer sentiment, which in turn would predict approval ratings for the incumbent president, which in turn would predict the outcome of the election in the Electoral College. It …
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If you tramp through the woods of New England and upstate New York, you will see stone walls marking the borders of farms that have been abandoned for a century or two. You may see the foundation of a small house, the entrance to a mine or the crumbling walls …
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The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Daron Acemoglu and Simon Johnson, both of the Massachusetts Institute of Technology, and to James Robinson of the University of Chicago. They received the prize for their research into how institutions shape which countries become wealthy and prosperous …
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