Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Sep 2025 Leave a comment
in applied price theory, economic growth, economic history, economics of regulation, labour economics, labour supply, macroeconomics, Public Choice, rentseeking Tags: European Union
I put a lot of focus on “convergence” and “divergence” because economic theory says rich countries should not grow faster than poor countries. So when there are examples of divergence, especially when looking at decades of data, we can learn very important lessons about economic policy. Those lessons, in every single case, teach us that […]
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