As part of the month-long debate about the extent of the European/American gap in living standards, Luis and Pieter Garicano suggested a “ driving around test ”: “Go to the periphery of any modern American city and see a…
The US is richer than Europe. This is not especially controversial: residents of just about every European country, save for tax havens like Luxembourg and the petro-state of Norway, lag the US in median income . But is …
This week I’m reading a father-son team with competing explanations of why Europe lags behind the US in generating innovative companies. Luis Garicano (and coauthor Per Strömberg) look specifically at Sweden, which has b…