While social welfare is integral to Nordic capitalism, Scandinavian countries are still market economies that had strong economic growth through the twentieth century and currently enjoy some of the …

Chinese President Xi Jinping has gone much further than analysts had predicted he would in state control of the private sector in China and departure from a consensus based authoritarian system to on…

High inflation during the 1950s shared many similarities to today’s rising prices, including a supply crunch due to a national emergency.

Higher inflation has led to calls for price controls and a reexamination of the relationship between inflation and employment. History offers some helpful lessons.