Tag: Economy

From micro to macro, Andrew Leigh’s accessible history covers the economic essentials

Reading time: 6 minutes
Andrew Leigh’s The Shortest History of Economics is the latest in a series of such histories, mostly focused on particular countries.
It begins with a striking mini-history of household lighting, focusing on the amount of labour required to produce the light now given off by a standard lightbulb: 58 hours for a wood fire, five hours for a candle based on animal fat, a few minutes for an early electric lightbulb, and less than one second for a modern light-emitting diode.

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How the Ancient Egyptian economy laid the groundwork for building the pyramids

Reading time: 5 minutes
In the shadow of the pyramids of Giza, lie the tombs of the courtiers and officials of the kings buried in the far greater structures. These men and women were the ones responsible for building the pyramids: the architects, military men, priests, and high-ranking state administrators. The latter were the ones who ran the country and were in charge of making sure that its finances were healthy enough to construct these monumental royal tombs that would, they hoped, outlast eternity.

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The Test of Time: The Oldest Companies Still in Operation and Why They Survived

Reading time: 6 minutes
Today’s biggest companies are considered young, especially when compared to some of the oldest companies in the world. While companies like Microsoft and Apple are well on their way to reaching five decades old, that doesn’t come close to the more than 200 years some others have been around for. Several companies have stood the test of time for hundreds of years, the oldest of which dates to 563 CE.

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