This article presents a study of exports of 131 countries for the years 1928-1936. There are two important results. One, while world exports in current USD began to rebound from the collapse of trade during the Great Depression in 1933, world exports in constant US gold dollars decreased...

Economic growth in the twenty-first century offers the possibility to eliminate extreme poverty in the world. This article argues that such a wonderful achievement would not contradict the vision of Deuteronomy 15:11 because the verse should be understood as referring to relative poverty, which,...

We examine the relative attractions of a carbon tax, a “pure” cap-and-trade system, and a “hybrid” option (a cap-and-trade system with a price ceiling and/or price floor). We show that the various options are equivalent along more dimensions than often are recognized. In addition, we...