Why are some nations wealthy and others poor? How did the wealthy nations become rich? What are the components of wealth? How should nations manage their wealth for the future? These are among the most important questions in economics. They are also impossible to answer without defining wealth,...

Recent developments suggest that well-intended climate policies--including carbon taxes and subsidies for renewable energy—might not accomplish what policy makers intend. Hans-Werner Sinn has described a “green paradox,” arguing that these policies could hasten global warming by...

Greener Taxes, Freer Trade? -- North-South Trade and Pollution Migration: The Debate Revisited -- Regulatory Competition, Transboundary Pollution and International Trade -- Modelling Commitment in Multi-Stage Models of Location, Trade and Environment -- International Competition and Investment...