Economic success – among individuals, firms, products and countries – is often unexpected and unpredicted.
William Easterly is a professor of economics at New York University and a senior fellow at the Brookings Institute. He specializes on issues related to economic growth and foreign aid.
This comparison of Rand and Smith was originally given as a presentation at Clemson University; this is a transcript.
The industrial revolution improved not only production, but standards of living, political and economic freedom, and the spread of ideas and culture.