On the wondrous effects of dollarization in one Zimbabwean city. Zimbabwe's economy has gone through the wringer. In just 20 short years, it has witnessed two episodes of hyperinflation. And, if that wasn’t bad enough, Zimbabwe’s real GDP per capita has plunged by 21 percent over that same period. When you visit Zimbabwe’s Victoria Falls on ...

I sent my students on a mission to haggle for a souvenir statue. Best negotiator wins a prize. Last month my M.B.A. students from Winston-Salem State University went searching for a small statue of a Chinese warrior in a crowded Shanghai marketplace, learning some valuable economic lessons along ...