Ethiopia uses a 13-month calendar. http://t.co/qT90n4yJr7—
The World (@World) September 19, 2015
Ethiopia is a bit behind
20 Sep 2015 Leave a comment
in development economics, growth disasters Tags: Ethiopian
Pakistan’s first female truck driver
19 Sep 2015 Leave a comment
in development economics, discrimination, growth disasters, labour economics, occupational choice Tags: gender wage gap, Pakistan, sex discrimination
Economic impact of global warming: new evidence
18 Sep 2015 1 Comment
in applied welfare economics, development economics, environmental economics, global warming, growth disasters, growth miracles, politics - Australia, politics - New Zealand, politics - USA Tags: climate alarmism, global warming, Richard Tol
A nice summary of the latest research showing that once again the welfare cost of climate change is small except under the most extreme scenarios.
2% of national income is not something to declare a national emergency over unless you are in a very poor country.
Richard Tol also mentions that there has only been 27 studies of the economic costs of climate change:
Twenty-seven estimates is a thin basis for any conclusion. Researchers disagree on the sign of the net impact; climate change may lead to a welfare gain or loss. At the same time, researchers agree on the order of magnitude. The welfare change caused by climate change is equivalent to the welfare change caused by an income change of a few percent.
- That is, a century of climate change is about as good/bad for welfare as a year of economic growth.
As Tol wrote elsewhere, the reason why there are so few studies of the welfare cost of global warming is governments and bureaucracies do not like the small numbers they yield so they pre-emptively do not fund such research.
Few economists work full-time on the economics of climate change as their research results are too moderate to win repeat business and further research grants. Importantly, there is vicious criticism of what you say. Much better to just work on other topics.
One of the great tactical victories of the climate activists, I resisted the temptation to call them climate alarmists, is they keep going on about the science is settled and whether you are accepting the scientific results.
I have long argued let the science be settled, only the economics matters. The climate change activists do not want to talk about the economics that much except for the estimates by that political hack Lord Stern. Lord Stern has been on the losing side of history ever since he wrote a bad review of PT Bauer’s Dissent on Development where he said:
Dissent on Development is not a valuable contribution to the study of development.
The Stern Review puts the costs of unmitigated climate change at 5–20% of GDP (now and forever). The Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) finds differently.
HT: Lorenzo M Warby
The Great Escape by continent
14 Sep 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: Africa, child mortality, China, India, infant mortality, life expectancies, South America, The Great Escape
'The world is getting better all the time, in 11 maps and charts' – bit.ly/1M7W4Xr http://t.co/slB6oStjFq—
Max Roser (@MaxCRoser) July 14, 2015
The Great Escape in Chinese infant mortality was stunning
11 Sep 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics, Marxist economics Tags: child mortality, China, global poverty, infant mortality, stream poverty, The Great Escape
China's infant mortality rate fell 85% since 1970, nearing the U.S. rate. buff.ly/1g7eLNk #health http://t.co/b9eno1jk6X—
HumanProgress.org (@humanprogress) September 08, 2015
How is the population bomb going?
10 Sep 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics, population economics Tags: population bomb
The Great Escape actually accelerated after the GFC
10 Sep 2015 Leave a comment
in development economics, economic history, global financial crisis (GFC), growth disasters, growth miracles, health economics, labour economics, macroeconomics, poverty and inequality Tags: child poverty, extreme poverty, global poverty, India, The Great Escape, The Great Fact
In 1993, >30% of India's urban population lived in extreme poverty. In 2011? Only 13%. buff.ly/1iutlQA http://t.co/238hsW2aeF—
HumanProgress.org (@humanprogress) September 09, 2015
The Great Fact – undernourishment in developing countries (under the jackboot of neoliberalism)
10 Sep 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: capitalism and freedom, extreme poverty, global hunger, The Great Escape, The Great Fact
Democracy in Africa
08 Sep 2015 Leave a comment
in constitutional political economy, development economics, economic history, growth disasters, growth miracles Tags: Africa, capitalism and freedom
How frequent are simultaneous financial crises in one country?
04 Sep 2015 Leave a comment
in business cycles, currency unions, development economics, economic growth, economic history, Euro crisis, financial economics, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, law and economics, macroeconomics, monetary economics, property rights Tags: bank runs, banking crises, banking panics, currency crises, current account crises, debt crises, pseudo financial crises, real financial crises, sovereign debt crises, sovereign default
Income & life expectancy around the world
01 Sep 2015 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: life expectancy, The Great Escape
Income & life expectancy around the world
Let's get all of the world to the top right corner!bit.ly/1939raP http://t.co/I83URpGeOX—
Max Roser (@MaxCRoser) May 12, 2015
Fair Trade: Does It Help Poor Workers?
01 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, development economics, growth disasters, growth miracles, labour economics, poverty and inequality Tags: antimarket bias, expressive voting, fair trade, rational irrationality
The Chinese demographic crisis is now
26 Aug 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: ageing society, China, demographic crisis, older workers
China's massive economic advantage over the world is about to disappear read.bi/1MkYx1p http://t.co/Fw9zmMTuVx—
BI Markets (@themoneygame) August 11, 2015
Could Wealth Redistribution End Global Poverty?
24 Aug 2015 Leave a comment
in development economics, economic growth, economic history, growth disasters, growth miracles, liberalism Tags: capitalism and freedom, extreme poverty, global poverty, The Great Enrichment, The Great Fact
@NZGreens @GreenpeaceNZ Senator Leyonhjelm on the blood on the hands of the modern Luddites
19 Aug 2015 Leave a comment
in applied price theory, development economics, economic history, economics of information, economics of media and culture, economics of regulation, environmental economics, environmentalism, growth disasters, growth miracles, health economics, liberalism Tags: Anti-Science left, expressive voting, GMOs, golden rice, Greenpeace, Luddites, New Zealand Greens, precautionary principle, rational ignorance, rational irrationality, The Great Escape
Good as Gold: Can Golden Rice and Other Biofortified Crops Prevent Malnutrition? ow.ly/QQ1VT #Harvard http://t.co/O3SwpGhsXD—
Golden Rice (@Golden_Rice) August 13, 2015
INFOGRAPHICS: The Impacts of #Biotechnology: A Close Look at the Latest Study ow.ly/GUi4U @FoodInsight http://t.co/JQsmrm2Lv1—
Golden Rice (@Golden_Rice) January 07, 2015
Anti-Golden Rice keyboard
Used by opponent to debate against supporters of #goldenrice
@EcoSenseNow @Golden_Rice http://t.co/q6xt5j7hb1—
Golden Rice Now (@paulevans18) August 21, 2015
.@gpph If this girl could have eaten #goldenrice for lunch, she would not be blind today. ALLOW GOLDEN RICE NOW http://t.co/3UlwHAdWdZ—
Golden Rice Now (@paulevans18) July 29, 2015
Utopia, you are standing in it! 
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