Illustration of ancient Greek market with Acropolis in background

Economics in Ancient Greece

The modern term “economics” comes from the Greek word “oikonomia,” but the ancient Greeks had a very different way of thinking about material life.
Close up of a norwegian krone

Demystifying Sovereign Wealth Funds

Opaque, state-controlled investment vehicles, sovereign wealth funds wield enough power to redirect or disrupt global economies.
A magazine stand on a subway platform in New York City, 1974

The Numbers vs. the Lottery

Between the 1960s and 1980s, state governments created lotteries to supplant illegal gambling operations that brought revenue to marginalized communities.
LUANG PRABANG, LAOS - APRIL 09: The China-Laos Railway passes by a China Railway cargo shipment on April 09, 2024 in Luang Prabang, Laos. The China-Laos railway, a key project of China's Belt and Road Initiative, is a high-speed railway connecting Kunming, the capital of China's Yunnan province, to Vientiane, the capital of Laos. This railway is the biggest public infrastructure project ever undertaken by Laos, with a total length of 1,035 kilometers and a cost of US$5.9 billion, which is equivalent to around one-third of Laos' gross domestic product in 2019. The railway is dedicated to both passenger and freight traffic services, creating a new link between Laos and China, the former's neighbor and closest partner. The Laos section of the railway is part of a vision to build a Pan-Asia railway that will ultimately connect China, Laos, Thailand, Malaysia, and Singapore, improving the efficiency of goods movement for export-driven economies along the route, opening up travel and extending China's influence deep into Southeast Asia. (Photo by Lauren DeCicca/Getty Images)

Debt-Trap Diplomacy

How justified are recent claims that China has been buying significant quantities of debt to undermine the sovereignty of African nations?
Vintage engraving showing police officers transporting prisoners in to the London Police Courts

The Industrial Revolution and the Rise of Policing

The increased use of machines and the division of labor allowed for the production of standardized products. It also made it easier to fence stolen goods.
Continental Currency $20 banknote with marbled edge (May 10, 1775)

Marbled Money

Marbled paper was a way to make banknotes and checks unique—a critical characteristic for a nascent American Republic.
An illustration of a globe being heated over a fire on a spit

Grilling the Globe

Could meat taxes help to curb over-consumption of beef and mitigate climate change?
An illustration of Financial fluctuations

Environmental, Social, and Governance Factors v. Fiduciary Duty

Asset managers have a fiduciary duty to act in your best interests. Does that include considering ESG factors when investing your money?
Cotton plantation

Understanding Capitalism Through Cotton

Looking at the development of cotton as a global commodity, explains historian Sven Beckert, helps us understand how capitalism emerged.
A pork-butcher's shop

Meat and the Free Market

Significant political changes in three major global cities fueled experimentation with laissez-faire economics, which had peculiar effects on the meat market.