At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currency gains international appeal...

Too often, notions of capitalist change rely on the myth of the willful entrepreneur from the global North who transforms the economy and delivers modernity – for good or ill – to the rest of the world. In "Cigarettes, Inc"., Nan Enstad creates an in...

Are corporations people? The U.S. Supreme Court launched a heated debate when it ruled in "Citizens United" that corporations can claim the same free speech rights as humans. Should corporations be able to claim rights of free speech, religious consc...

For far too long, the Western world viewed Africa as a seemingly unmappable region and a repository for outsiders' wildest imaginings. This problematic notion has had lingering effects not only on popular impressions of the region but also on the dev...

From a renowned foreign-policy expert, a new paradigm for strategy in the twenty-first century. In 1961, Thomas Schelling's "The Strategy of Conflict" used game theory to radically reenvision the U.S.-Soviet relationship and establish the basis of i...

For sale in CIS only! For nearly five years the international press has been gripped by and reported at great length on "the Greek crisis", with news stories gradually filtering out from the deeper recesses of the economic section to the front pages...

A few centuries ago, capitalism set in motion an explosion of economic productivity. Markets and private property had existed for millennia, but what other key institutions fostered capitalism's relatively recent emergence? Until now, the conceptual...

A wide-ranging analysis of a powerful but controversial new economic tool that has rapidly eclipsed the size of the hedge fund market In 2006, Chile teemed with protesters after finance minister Andres Velasco invested budget surpluses from the natio...

Produced throughout the first fifteen years of Hayek's career, the writings collected in "Capital and Interest" see Hayek elaborate upon and extend his landmark lectures that were published as Prices and Production and work toward the technically sop...

In 1945, Vannevar Bush, founder of Raytheon and one-time engineering dean at MIT, delivered a report to the president of the United States that argued for the importance of public support for science, and the importance of science for the future of t...