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“The back story on front page economics.” These accessible essays cover the basics of economic topics, with a separate version for use in the classroom. Special “Focus on Finance” essays cover personal finance.


2017


(Posted 2017-09-01)

Why Are Some Countries Rich and Others Poor?

by Scott A. Wolla

Over 200 years ago, Adam Smith attempted to explain why some nations are wealthier than others. Today, the gap between rich and poor countries is even larger. The September 2017 issue of Page One Economics® describes how total factor productivity contributes to economic growth and how growth leads to a rising standard of living. 

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