Tags » Economic History

Who are the top 3 economies?

Here is a videographic from The Economist showing the top three economies throughout history. Does China have the world’s largest economy? Is China’s economy bigger than America’s? Interesting how history repeats itself.

Growth

Digital Depression: The mysterious stock market crash of 1987.

Twenty-seven years ago today, on Monday, October 19, 1987, the largest one-day percentage decline in the stock market in American history occurred when the Dow Jones Industrial Average plunged 508 points. 843 more words

History

Platform economics and "unscaling" the electricity industry

A few weeks ago I mused over the question of whether there would ever be an Uber or AirBnB for the electricity grid. This question is a platform question — both Uber and AirBnB have business models in which they bring together two parties for mutual benefit, and the platform provider’s revenue stream can come from charging one or both parties for facilitating the transaction (although there are other means too). 998 more words

Economics

Opinion: People are much, much better off than they used to be

William Watson

The OECD recently published a 274-page study called “How Was Life? Global Well-Being since 1820.” It’s not entirely clear why an organization of 34 rich countries is analyzing economic history. 597 more words

Columnists

IMF's Blanchard: forces from the future impair economic recovery

Reuters reports:

The IMF has now cut its current-year growth forecasts nine out of 12 times in the last three years as it consistently overestimated how quickly richer countries would be able to pull free from high debt and unemployment in the wake of the 2007-2009 global financial crisis.

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Macro

The Legacy of Edward I: Beyond Robert Bruce and the Scots

This is something I worked on sometime ago. Now I am a medievalist but Late Medieval England is certainly not my thing. I had to do some research about Edward I as an undergraduate and I found it quite tough, as I wasn’t all that interested…However, the approach I took helped me understand a monarch and period in English History which is sometimes too focused on the events up in Scotland, and the quarrels between the English crown and Scotland. 904 more words

English History