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A farm in the Peruvian Andes. An MIT economics student has shown that there are deep historical roots of poverty and wealth among Peru's agrarian communities.

The deep roots of inequality

MIT economics student’s study of Peru shows how practices from hundreds of years ago can influence prosperity today. ‘Pathbreaking,’ says a Harvard economist.

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‘Failure is good’

In a talk to promote his new book, MIT’s Simon Johnson lambastes a finance industry he sees as lacking a healthy fear of losing money.

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Banking on mobile money

A cellphone-based cash transfer system has changed the way Kenyans handle their finances. But what does it mean for Kenya's economy — and the developing world?

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