"Over a century, the Canadian prairies went from being the breadbasket of the world to a grain-growing region in a vast, global agri-food system. Magnan traces the causes and consequences of this evolution, from the first transatlantic shipments of wheat to the controversial dismantling of the...

Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However,...