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The World Bank said in 2005 that 2.5 billion people live on less than $2 per person, per day. Researchers Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven say the poor rarely spend all the money they get. After using financial diaries to track the day-to-da…
Authors Thomas J. Sargent and Francois R. Velde offer a fascinating work of scholarship that studies the history of coinage in broad scope and depth. They dwell on a problem that is no longer a problem: the set value of coins. Internationally, consumers take it for granted that …
Descartar la recesión del 2008 como un contratiempo inevitable del libre mercado podría parecer sencillo, pero el economista Raghuram G. Rajan no toma el camino fácil. Presenta un caso contundente de que los débiles enlaces en la economía global son tanto visibles como corregibl…
