Celebrating humanity's flourishing through the spread of capitalism and the rule of law
22 Feb 2015 Leave a comment
in economic growth, economic history, liberalism Tags: capitalism and freedom, The Great Enrichment, The Great Fact
Figure 1: Growth in real average income for the bottom 90%
Source: voxeu.org
By the way, in the countries where growth in real average incomes appears to have flattened out, is it seriously suggested that middle-class families cannot buy a basket of goods of superior quality and quantity than they could 30 or 40 years ago?
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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