January 16, 2007
GSP of state i = GDP of country j

The Big Picture, via Carl Størmer, via who knows, points to a map that depicts the various U.S. state economies as their analogue amongst the world's economies.

If accurate it is a powerful image.

Posted by Craig Depken at 12:06 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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