Topic
economics
2 essays
The Petrodollar: how oil keeps the dollar on top
What the petrodollar is, where it came from in 1974, why it quietly underwrites American power, and what the endless talk of its collapse gets right and wrong.
9 min read
Why Nations Fail, in one idea
Acemoglu and Robinson's theory of why some countries are rich and others poor, built on one idea: inclusive versus extractive institutions. The core mechanism, the vicious and virtuous circles, what it argues against, and where the critics push back.
10 min read