Against the Winds: Can Innovation Overcome the Negative Trends in the American Economy?

On average, over the last 145 years, the economy of the United States, measured by GDP per capita, has grown 2% per year.  Over the last 45 years, however, US per capita growth has been markedly slower, averaging 1.62% for the period 1970-2014.  In the wake of the 2008 financial crisis and the slow recovery … Continue reading Against the Winds: Can Innovation Overcome the Negative Trends in the American Economy?

Defying Gravity: Is There Any Point to Opposing Trade Agreements?

What’s the relevance of archeology to today’s financial and political disputes? Before you answer “None”, take a look at “The V.C.s of B.C.”, a New York Times Magazine report by Adam Davidson, who also does the Planet Money show for NPR.  The feature concerns recent archaeological findings, forthcoming in “Ancient Kanesh: a Merchant Colony in … Continue reading Defying Gravity: Is There Any Point to Opposing Trade Agreements?

Del Sarto and Caillebotte: New Light on Two Neglected Masters

I set up Winter Tomato to reflect my growing interests in economics, economic history, and historical theory, but for this first post, let’s put beauty over truth.  Two museum shows in the US this summer and fall are bringing rare treasures within the average art lover’s reach: “Andrea del Sarto; the Renaissance Workshop in Action” … Continue reading Del Sarto and Caillebotte: New Light on Two Neglected Masters