Innovation and Intolerance

How can antebellum racial violence and intolerance in America help explain the disappearance of bankers in post-Soviet Russia??? This "mystery" is at the heart of this episode in which EconTalk host Russ Roberts welcomes economist Lisa Cook to discuss her research. Cook had a notion that violent barriers to innovation might exist in both these contexts- and she was right. In the course of her research, Cook found that innovation among African-Americans peaked around the year 1900, and she was...