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The economics of pilgrimage: what happens to a city when millions arrive at once

How lighthouses became the first example of a public good — and what economists got wrong

How a single Dutch auction decision in 1602 shaped every stock market on Earth

How insurance companies quietly govern the world’s oceans

How soil types predicted the outcome of the American Civil War

The countries that run permanent budget surpluses — and the uncomfortable...

The geography of debt: why certain nations borrow in currencies they...

The hidden cost of being an island nation

The invisible market that prices human life

How satellites changed the economics of war without firing a single...

What happens to a country’s debt when it ceases to exist

The last territories with no permanent population — and who is...

Why certain ports have more geopolitical power than entire countries