Convergence, Wagner’s Law, and the Path to Prosperity — International Liberty

In this clip from a recent interview with Gunther Fehlinger, I explore the connection between two very important important economic concepts: Convergence and Wagner’s Law. Before launching into further discussion, let’s nail down two very important definitions. Convergence is the notion that poor countries should grow faster than rich countries and eventually attain a similar […]

Convergence, Wagner’s Law, and the Path to Prosperity — International Liberty