Tuesday, August 21, 2007

Why are some countries rich and some poor?

Science has the - or a - answer.
If economics can tell us something useful about crime, marriage, or carpooling—as I believe it can—then other academic disciplines should have something to tell us about economies. Last month, Science published an example that may turn out to be important. Two physicists, Cesar Hidalgo and Albert-László Barabási, and two economists, Bailey Klinger and Ricardo Hausmann, have been drawing unusual pictures of economic "space" that promise a deeper understanding of the biggest question in economics: why poor countries are poor.
blog comments powered by Disqus