The main purpose of this book is to explain Mexico's substandard economic activity by applying the foundational factors approach primarily to Mexico and, for purposes of comparison, secondarily to the United States. The argument is that, unlike the United States, Mexico has been shaped by an...

From the days of George Washington through World War II to today, government investments have failed dismally. They not only drain the Treasury of cash but also impede economic growth, and they hurt the very companies they try to support. Why does federal aid seem to have a reverse Midas touch?...