World’s Fastest Growing Economy on the Brink of Starvation

The fastest economy is the world is of course Ethiopia. Wait what? Africa boasts a few of the fastest growing economies with Congo, Ivory Coast, and Mozambique in the top 10 with Tanzania and Rwanda at 11 and 12 respectively. That is great news for Africa but how great is it? A very poor country […]

Economics of ISIS

The Atlantic put out an article in September about the working of the ISIS economy. High taxes in a highly oppressive state. It is working for now but how will this play out? What does history show about such economic tactics? ISIS cannot be easily compared to other states but there are some significant parallels. Economics is […]

US in 1800 = Uganda Today

British Economist Angus Maddison put together in 2007 the first comprehensive analysis of global incomes dating as far back as is possible, known as the Maddison Project). For the US and most of Western Europe the data is sporadic before 1800 but has yearly data after 1800. For the rest of the world the data starts […]