To understand why communism failed, look at the shelves in the picture taken from Arch Ritter’s blog The Cuban Economy. His blog a tremendous resource. Ritter earned his Ph.D. at the University of Texas at Austin.
I am Brooks Wilson an Instructor of Economics at McLennan Community College in Waco, Texas, and I hold a Ph.D. in Agricultural Economics from the University of California at Davis.
I created this blog to allow my students, past and present, to learn economics above and beyond what they learn in class, and to meet others interested in economics.
I am grateful for every reader who could ignore my blog and read those maintained by great economists like Gary Becker, Richard Posner, James Hamilton, Menzie Chinn, Russ Roberts, Brad DeLong, and others.