What makes nations rich?
"Why are some countries rich and others poor? Why do some countries experience sustained levels of high growth that propel them into the ranks of the rich while others stagnate, seemingly in perpetuity? These are perhaps the most fascinating and important questions in all of economics." (from Economic Growth in the Concise Encyclopedia of Economics)
For that matter, how do we define "rich" and "poor?" It seems a period of low economic growth is inevitable in the wake of the COVID pandemic. How will we know when the economy starts to grow again? And what can we do-at the macro or micro level- to try to foster more growth? We hope this month's QuickPicks collection helps you explore these sorts of questions and start a conversation with someone today.
Speaking of conversation, thanks to all those who have been participating our current online reading group! Join us for a few more days as we tackle James Buchanan's Limits of Liberty. And join us next month to discuss Tyranny Comes Home. Visit our #EconlibReads page to learn more!
Is there something else you'd like to see- either in QuickPicks or online more generally? Let us know at email@example.com or on social media. We're listening.