Showing results for "UP" in Economic History

After years on the financial world's margins, crypto went mainstream in early 2021. Everybody was talking about it: giant investment funds were buying it, celebrities like Tom Brady and Justin Bieber endorsed it, and Washington bigwigs debated new regulations, as if it would be a permanent part of our financial system. It seemed like everyone knew someone who was bragging about their returns from Bitcoin, Ethereum, Dogecoin and other bizarrely named "digital assets." Observing this mania, Zeke Faux set out on a quest to pull back the curtain on the wizards behind this new financial machinery.

Look at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, city-states, gated enclaves and special economic zones. These new spaces are freed from ordinary forms of regulation, taxation and mutual obligation—and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government and oversight altogether.

Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.

In Doomed to Fail, Paul Shotton explains why liberal democracy is the least bad political framework, and why every other political system will inevitably lead to war. Likewise, capitalism, which emerged naturally from the industrial revolution, is the least bad way for a polity to organize economically. Every attempt to improve upon or replace capitalism, however well intentioned, has led to economic disaster. That democracy and capitalism are symbiotic and aligned with the best interests of humanity stems from an underlying mechanism they share with the development of life on earth itself.

G.C. "Red" Jones' classic memoir of growing up in rural eastern Kentucky during the Depression is a story of courage, persistence, and eventual triumph. His priceless and detailed recollections of hardscrabble farming, of the impact of Prohibition on an individualistic people, of the community-destroying mine wars of "Bloody Harlan", and of the drastic dislocations brought by World War II are essential to understanding this seminal era in Appalachian history.