Many indicators are helpful in improving statistical performance for forecasting and policy analysis. We do believe, however, no single indicator (or type of indicator) can do the necessary work by itself. Any new finding is likely to make a better contribution in combination with others that...

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...

In this essay, I am going to focus attention on China and India as new economic juggernauts that are having great influence at the present time. Of course, those two powerful economies may be joined by others that are large and dynamic at the present time, but movements of others do not come up...

Leo Byron Klein and Blanche (Monheit) Klein, both of whom were born in the American Middle West, had three children. I, Lawrence Klein, was born in Omaha, Nebraska, as were my elder brother and younger sister. My early education was in the public school system of Omaha, where, retrospectively, I...

Nobel Lecture to the memory of Alfred Nobel, December 8, 1980