In The News

As lead exporter in many types of products, China takes pride in serving as factory to the world. But a spate of tainted products and recalls involving goods made in China gives many global consumers pause. China’s reaction includes denials, scapegoating and even the fast execution of one government official accused of taking bribes to allow production of shoddy goods. But the government has also...

Heath-care costs are becoming a higher proportion of national economies in western countries. Former senior official of the IMF, Kenneth Rogoff says when governments provide for health services that constitute one third of national incomes, health-care socialism becomes plain Marxism – based on the principle ‘to each according to his needs”. As the aging population increasingly requires...

The Industrial Revolution may have been the result of an evolutionary change in human nature, argues Gregory Clark, an economic historian at the University of California, Davis. His research shows that, generation after generation, the wealthy people of England had more surviving children than the poor, leading him to theorize that the behaviors that made for wealth – or the middle-class values...