Will Tata Motors’ Nano be the Third World’s Model T Ford? Sixteen million Ts were produced during its 20-year lifespan from 1908 through 1927. It initially sold for $850, about $15,000 in today’s dollars. By 1915, due to the advantages of mass production, the price dropped to $440. It had a 2.9-liter engine, ran on […]

Two thirds of the world’s poorest countries are in Africa. It’s home to 34 of the 35 states with the lowest life expectancy. More than 300 million people survive there on less than a dollar a day. (This figure has gone up by around 100 million over the last 10 years.) All this despite the […]

On January 7th, the Sheriff’s Office Report in the Bozeman Daily Chronicle noted, “A man fell from his roof on Cottonwood Road while trying to reattach roofing that had blown loose in the wind.” The last thing I remember, before becoming semi-awake in the American Medical Response ambulance, was reaching to sink the last roofing […]

Last week the price of a barrel of oil hit $100. This raised fears of an economic slowdown akin to the one in the 1970s when oil prices quadrupled almost overnight. That shock was largely responsible for the worst decade of global economic performance since the Great Depression. Today, however, the world is a much […]

Many smart and well-intentioned people fault government for its injustices and inefficiencies. Because there are few incentives to economize, and many to mislead, waste and moral corruption are endemic to and inherent in political management. No nation has found a way in practice, or in principle, to foster efficiency and equity when decisions are make […]