Which Economies Grow with Shrinking Populations?
You might think that this economy is doomed to inefficiency. But, there’s good news. Every year, a batch of new adults age into the workforce and an old batch of workers age out. Even without workers changing jobs, the new workers entering where the wage is higher helps to allocate scarce labor where it is…
How to Make a Few Billion Dollars
The title is excellent, given that the author Brad Jacobs did in fact make a few billion dollars. The book itself is fine to read, but also fine to skip if you aren’t yourself burning to build a billion dollar company through excellent management and mergers and acquisitions. I certainly don’t care to, which Jacobs…
The US Has One of the Highest Fertility Rates Among Peer Countries
Declining fertility rates have been in the news a lot lately, and with good reason. Some countries, such as South Korea, have seen massive declines in fertility rates, and they face huge social problems and population decline resulting from these declining rates. But does the United States face the same problem? To be clear, fertility…
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Economist Writing Every Day 