The Economic Side of Afghanistan

With the media focusing on the politics, we need to complete the picture with a look at Afghanistan’s economy.

The Economic Yardstick That (We Don’t Know) We Need

Please think GDP for a moment. Reported and revised during each quarter, GDP numbers create a reaction. If the growth rate is high, lawmakers assume their policies are working. When the numbers are lower, people wonder how to boost them.…

Why China Wants to be Called a Market Economy

Ignoring Adam Smith’s ideas, the EU will probably tell us by 2016 that China has a market economy because the World Trade Organization requires a decision.