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Economics

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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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