The Constitution of Innovation By Luis Garicano, Bengt Holmström & Nicolas Petit · Nov 10, 2025
At the end of the Second World War, Europe was a devastated continent and much poorer than the United States. Despite this unfavourable situation, in the following decades it managed to achieve an extraordinary recovery: between the 1950s and…
Economic Growth: An Exception in Human History
For centuries humanity lived in a condition of minimal development, with progress being limited and never long-lasting. Only in the past two centuries has a radically new phenomenon emerged: continuous economic growth, capable of lifting millions of people out of poverty and building the foundations for modern prosperity.…
