In late April 2013, Jim O’Neill retired as chairman of Goldman Sachs (GS). The 56-year-old British economist, among other accomplishments, left his mark on the still unfolding globalization story by coining the acronym BRIC, referring to the four rapidly developing nations—Brazil, Russia,...

The world today is beset by widespread poverty and persistent inequality. Some developing countries have managed to advance in the face of these obstacles, but many others have not, and still others have slipped back. This paper attempts to highlight some of the misconceptions and unfairness in...

Ludwig von Mises was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to...