It is the year 1879. Tensions are rising in South America. On February 14, troops of the Chilean army occupy the Bolivian port city of Antofagasta, thereby commencing what would later be known as the War of the Pacific. The Bolivian-Peruvian alliance would then suffer a clear defeat against Chile, resulting in painful loss of
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For this month’s article, I am going to take you into a much-neglected part of the world, where the summits are high and the forests boundless. Where one encounters happy people and no traffic lights. As American author Karan Bajaj puts it, “it is almost like you’ve stepped into a Shangri-La or a vortex of time
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When we think of macroeconomic indicators that can give us an indication of the well-being in a society, we employ measures that we deem apposite to factors we care for, such as wealth, equality, and development, just to name a few. We can try to measure them by observing GDP, the Gini coefficient and the
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As a new editor for Rostra Economica with a particular interest in history, I would like to contribute to the magazine’s diversity of topics by presenting a peek into the history of economic thought, which can prove insightful when looking at present and future economic systems. Mercantilist theory was dominant in most of Europe throughout
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