8 | Institutions
An institution is a framework for interacting. Norms, laws, and customs evolve to help people know what to expect from each other.
The power of institutions illustrated. But what causes institutions? Can we change institutions?
This episode of Planet Money explores the self-inflicted implosion of Venezuela's economy.
The power of institutions illustrated. But what causes institutions? Can we change institutions?
This episode of Planet Money explores the self-inflicted implosion of Venezuela's economy.
In 1978, a group of farmers in a Chinese village called Xiaogang wrote a secret contract and hid it in the roof of a mud hut.
Trust cannot be underrated as an important source of growth and economic development. Here is a look at what we know. Lesson: culture really matters!
A 70-year-old man with a bad cold and many mistresses, a nation that's ambivalent about a central bank, and a secret meeting on an island. Today on the show: The origin story of the Federal Reserve.
In the early seventies, Chile, under Marxist President Salvador Allende, was plagued by inflation, shortages, and a crushing deficit. After a violent coup in 1973, the economy became the military's problem.
Chile is one of the wealthiest, most stable economies in South America. But to understand how Chile got here--how it became the envy of neighboring countries --you have to know the story of a group of Chilean students who came to study economics at the University of Chicago. A group that came to be known as the Chicago Boys.
A hundred years ago, nobody talked about "the economy." That's because easy ways to measure and talk about it hadn't been invented. On today's show: how we started boiling nations down to a number.
Recent regulatory blowback against Uber, Lyft and other ridesharing services around the world have reignited the ongoing regulatory policy debate surrounding the ride service in India, Uber’s second biggest market in terms of cities where it operates.
TheGlobalEconomy.com serves researchers, business people, academics, and investors who need reliable economic data on foreign countries.
We provide up-to-date numbers for GDP, inflation, credit, interest rates, employment, and many other indicators. The data series are updated continuously based on the release dates of individual countries.
The basic outline of world economic history is surprisingly simple. Indeed it can be summarized in one diagram: figure I.I