Econlib Resources
Liberty Fund Resources
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FEATURED TOPIC
Foreign AidDeepak Lal
Foreign aid as a form of capital flow is novel in both its magnitude and its global coverage. Though historical examples of countries paying "bribes" (see below) or "reparations" to others are numerous, the continuing large-scale transfer of capital from rich-country governments to those of poor countries is a post-World War II phenomenon. The origins of these transfers lie in the breakdown of the international capital market in the period between the two world wars and in the rivalry for political allies during the cold war....
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ALSO OF INTEREST
Monetary UnionPaul BerginEuropean UnionMarian L. TupyGovernment Debt and DeficitsJohn J. SeaterFederal BudgetJohn CoganFederal DebtRobert EisnerPrivatizationRobert W. Poole Jr.Government GrowthRobert HiggsTaxationJoseph J. MinarikFiscal SustainabilityLaurence J. KotlikoffFEATURED BIOGRAPHY
Vernon L. Smith(1927- )
In 2002, Vernon Smith and Daniel Kahneman were awarded the Nobel Prize in economics. Smith received his prize "for having established laboratory experiments as a tool in empirical analysis, especially in the study of alternative market mechanisms."...
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The cuneiform inscription in the Liberty Fund logo is the earliest-known written appearance of the word "freedom" (amagi), or "liberty." It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.
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