When Will the Global Economy Return to Rapid Growth?

The Tertiary Economy: A Threat to the Global Economy

Resource Wealth, Innovation and Growth in the Global Economy

We analyze the relative growth performance of open economies in a two-country model where di¤erent endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for …nal manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The e¤ects of a sudden incr...

Resources, innovation and growth in the global economy

The relative performance of open economies is analyzed in an endogenous growth model with asymmetric trade. A resource-rich country trades resource-based intermediates for final goods produced by a resource-poor economy. The effects of an increase in the resource endowment depend on the elasticity of substitution between resources and labor in intermediates’ production. Under substitution (comp...

Why the Gene Will Not Return*

I argue that four of the fundamental claims of those calling themselves ‘genic pluralists’—Philip Kitcher, Kim Sterelny, and Ken Waters—are defective. First, they claim that once genic selectionism is recognized, the units of selection problems will be dissolved. Second, Sterelny and Kitcher claim that there are no targets of selection (interactors). Third, Sterelny, Kitcher, and Waters claim t...

Will the intelligent inherit the earth? IQ and time preference in the global economy

Social science research has shown that intelligence is positively correlated with patience and frugality, while growth theory predicts that more patient countries will save more. This implies that if nations differ in national average IQ, countries with higher average cognitive skills will tend to hold a greater share of the world’s tradable assets. I provide empirical evidence that in today’s ...