Globally, due to rising agricultural output and declining prices over the past two decades, malnutrition of children under age 5 dropped from 45 percent in the 1960s to 31 percent today. The world will continue making progress against malnutrition over the next 20 years, says a comprehensive new report. Africa,
Some economists advance the theory that dynamic economies owe their vitality more to chances taken by “lucky fools” than to the rational calculations of cautious businessmen. Economic historian John V.C. Nye advanced just this theory in a 1991 article entitled “Lucky Fools and Cautious Businessmen.”
In essence, Nye argued that:
The
Johann Wolfgang von Goethe said, “No one is as hopelessly enslaved as the person who thinks he’s free.” That captures the essence of “Tethered Citizens: Time to Repeal the Welfare State,” written by Sheldon Richman, a senior fellow at the Fairfax, Virginia, U.S.A based Future of Freedom Foundation (fff.org).
Americans
Undeniably, it is governments function to determine policy regarding redistribution, affirmative action, and social delivery. Most would agree, however, that it is strong economic growth that will best finance such aspirations. And while ‘market failure’ is often mentioned when discussing ‘corrective’ state action, we may recall the well-established global wisdom
The radical environmental outfit Greenpeace has launched a war against Monsanto’s “Roundup Ready” soybeans. Monsanto developed the bean to resist a herbicide contained in its “Roundup” spray, so that it can be applied to both weeds and plants alike without destroying the desired crop.
When the New York Times reported that
More than half of U.S. households had at least one computer last year and more than 40 percent were connected to the Internet, according to U.S. Census Bureau figures.
Some 65 percent of children ages 3 to 17 had access to a computer at home last year up from
Physicians for a National Health Programme and other groups in the U.S. advocate a single-payer health care system as a way to improve health care quality and access, and reduce the frustrations of managed care. However, critics argue that national health care would make matters worse.
American doctors complain they spend
Russia’s early failures to build capitalism after the collapse of communism led a group of economists to ponder the cause. Led by Harvard University’s Andrei Shleifer, the team looked at 49 countries and came to the conclusion that two distinctly different legal traditions might explain why some countries prosper under
With the health of many economies in question, investors are worried about the performance of their stocks and shares. For instance, how do stock prices respond to bad news about unemployment?
In one study, three economists argue that rising unemployment potentially sends three distinct signals to stock markets. A higher unemployment
