"A provocative new analysis of immigration's long-term effects on a nation's economy and culture. Over the last two decades, as economists have uncovered the best predictors of national prosperity around the world, one of their repeated findings has been that cultural factors are robust...

Cover -- Title Page -- Copyright -- Contents -- Preface: The Best Immigration Policy -- Introduction: How Economists Learned the Power of Culture -- 1. The Assimilation Myth -- 2. Prosperity Migrates -- 3. Places or Peoples? -- 4. The Migration of Good Government -- 5. Our Diversity Is Our -- 6....

Over the last few decades, economists and psychologists have quietly documented the many ways in which a person's IQ matters. But, research suggests that a nation's IQ matters so much more. As Garett Jones argues in Hive Mind, modest differences in national IQ can explain most cross-country...

Why do banks collapse? Are financial systems more fragile in recent decades? Can policies to fix the banking system do more harm than good? What's the history of banking crises? With dozens of brief, non-technical articles by economists and other researchers, Banking Crises offers answers from...

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests and conclude that modern intelligence tests provide one useful measure of human capital. Using a...

A recent line of research demonstrates that cognitive skills - intelligence quotient scores, math skills, and the like - have only a modest influence on individual wages, but are strongly correlated with national outcomes. Is this largely due to human capital spillovers? This paper argues that...