Give one economic reason why nations fail.
Why was Thomas Malthus wrong?
What is the societal cost of adopting the Phillips Curve?
What is the economic curve that illustrates inherited
wealth?
In terms of the gold standard, why was Fort Knox
necessary?
Acemoglu and Robinson, in their book entitled, “Why Nations
Fail,” categorize institutions into two types: those that are
‘inclusive’ and those that are ‘extractive’
What are the major characteristics of these two types of
institutions?
Why are institutions important for long run economic
development?
Why are institutions ‘persistent’?
Is economic growth possible under extractive institutions?
Why did the British and the French fail during the 1930s in
their efforts to keep Hitler in check? Why did the British and
Americans decide to focus on defeating Germany during World War
II?
How did the Marshall Plan contribute to the rebuilding of
Western Europe’s economy and how did this rebuilding help bring the
spread of Communism in Europe to a halt? How was NATO supposed to
stop the spread of communism?