Why do some countries grow richer faster than others? How can we explain wealth disparities between countries? The answer: Growth rates.
Economist Alex Tabarrok explains how even small changes to growth rates can have a big effect on the economy of a country—and on the flourishing of its citizens.
In Boom and Bust: Financial Cycles and Human Prosperity, Alex J. Pollock argues that while economic downturns can be frightening and difficult, people living in free market economies enjoy greater health, better access to basic necessities, and better education.