While famed New York Times columnist and Nobel Prize-winning Keynesian Paul Krugman has written, “Europe is an economic success, and that success shows that social democracy works,” University of Michigan economics professor Mark Perry argues quite a different story. Based on recent data from the Commerce Department’s Bureau of Economic Analysis (BEA), Perry has compared [...] Who’s Really More Productive? Ranking the Top-20 US vs European States originally appeared in the Daily Reckoning . The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas. The Daily Reckoning regularly features articles by Addison Wiggin author of Empire of Debt , Chris Mayer Invest Like a Dealmaker , and Bill Bonner Financial Reckoning Day .