--- description: There’s no such thing as an economic miracle, we should make entrepreneurship a bigger part of foreign aid and more. title: There's No Such Thing as an Economic Miracle image: https://static.time.com/v3/assets/bltea6093859af6183b/blt975f0e18fc625d85/6988a2885f570fd43eb2234d/aspen.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 ---  * [Ideas](/section/ideas/) ## Ideas Update your preferences in [Account Settings](/account/preferences/) Close * [Innovation](/tag/innovation/) ## Innovation Update your preferences in [Account Settings](/account/preferences/) Close # There's No Such Thing as an Economic Miracle by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Aug 16, 2016 4:00 PM CUT  An employee views trading screens at the offices of Panmure Gordon and Co in London on Oct. 20, 2014. An employee views trading screens at the offices of Panmure Gordon and Co in London on Oct. 20, 2014.Getty Images by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Aug 16, 2016 4:00 PM CUT **1\.** [**There’s no such thing as an economic miracle.**](http://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle "undefined") By Tyler Cowen in Bloomberg View **2\.** [**We should make entrepreneurship a bigger part of foreign aid.**](https://hbr.org/2016/08/entrepreneurship-needs-to-be-a-bigger-part-of-us-foreign-aid "undefined") By Steven R. Koltai in the Harvard Business Review **3\.** [**In Baltimore, the Justice Department highlights the continuing struggle for black dignity.**](http://www.cnn.com/2016/08/12/opinions/department-justice-report-baltimore-joseph/index.html "undefined") By Peniel Joseph at CNN **4\.** [**We need a way to confirm digital identity. That’s a lot harder than it sounds.**](https://techpinions.com/the-digital-identity-dilemma/46778 "undefined") By Bob O’Donnell in Tech.pinions **5\.** [**Are we losing the Grand Canyon?**](http://www.nationalgeographic.com/magazine/2016/09/grand-canyon-development-hiking-national-parks-pictures/ "undefined") By Kevin Fedarko in National Geographic  [_The Aspen Institute_](http://www.aspeninstitute.org/ "undefined") _is an educational and policy studies organization based in Washington, D.C._ ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/4453972/theres-no-such-thing-as-an-economic-miracle/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4453972/theres-no-such-thing-as-an-economic-miracle/"},"headline":"There's No Such Thing as an Economic Miracle","datePublished":"2016-08-16T16:00:58.000Z","dateModified":"2026-05-11T04:59:36.022Z","description":"These are today's best ideas","url":"https://time.com/4453972/theres-no-such-thing-as-an-economic-miracle/","keywords":["Innovation","Economy","Justice Department","digital","entrepreneurship"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt975f0e18fc625d85/6988a2885f570fd43eb2234d/aspen.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"The Aspen Institute","jobTitle":null,"url":"https://time.com/author/the-aspen-institute/"}],"articleSection":"Ideas","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt975f0e18fc625d85/6988a2885f570fd43eb2234d/aspen.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"An employee views trading screens at the offices of Panmure Gordon and Co in London on Oct. 20, 2014.","caption":"An employee views trading screens at the offices of Panmure Gordon and Co in London on Oct. 20, 2014.","creditText":"Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/ideas/","name":"Ideas"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/innovation/","name":"Innovation"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4453972/theres-no-such-thing-as-an-economic-miracle/","name":"There's No Such Thing as an Economic Miracle"}}]}] ```