What Was the Industrial Revolution? – Robert E. Lucas
18 May 2016 Leave a comment
in economic growth, economic history, fiscal policy, Robert E. Lucas Tags: industrial revolution
Extreme poverty in Uganda, Swaziland and Botswana @jasonhickel @Carolyn_nth
17 May 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: antimarket bias, Botswana, economics of AIDS, life expectancies, reactionary left, Swaziland, The Great Escape, Uganda
Since 1985, extreme poverty has halved in Botswana and dropped by a 3rd in Swaziland and Uganda.
Source: World Poverty – Our World In Data.
Life expectancies are increasing again in Swaziland and Botswana after the HIV epidemic has come under more control.
Source: Life Expectancy by Age in selected Country from 1990 to 2013 | Health Intelligence
Source: Life Expectancy by Age in selected Country from 1990 to 2013 | Health Intelligence
Closer to achieving #foodsecurity in #WestAfrica w/ 60% decline in under-nourished since 90s bit.ly/1M1Fzvt https://t.co/ezPM05lbEo—
(@OECD) October 28, 2015
The battle against Polio in Africa http://t.co/LYB2nGZlAB—
Amazing Maps™ (@amazingmap) June 30, 2015
"Freedom is making gradual progress in Africa…the trends are in the right direction" @bill_easterly #hayek15 https://t.co/Ua1GON7ha2—
IEA (@iealondon) December 02, 2015
Rockefeller: The Richest American Who Ever Lived
16 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship Tags: superstars
Brexit: the Movie
15 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of regulation, industrial organisation, international economics Tags: Brexit, Common market
Giving birth in Australia was seriously dangerous until the mid-20th century
14 May 2016 Leave a comment
in economic history, gender, health economics, labour economics, labour supply Tags: maternal health, maternal labour force participation, The Great Escape
Medical progress contributed more than people realise to women’s liberation. The key area of progress was far fewer deaths in childbirth as the chart below for Australia shows. Deaths from childbirth disappeared from mortality statistics in the 1940s and 1950s.
Source: Australian Institute of Health and Welfare via Sydney Morning Herald This chart shows how you will probably die, and it’s changed a lot in 100 years.
The next key area of medical progress was fewer disabling injuries subsequent because of childbirth that kept women out of the workforce for several years if not permanently. In Gender Roles and Medical Progress, Stefania Albanesi and Claudia Olivetti say
Consider a typical woman born around 1900. She married at 21 and gave birth to more than three live children between age 23 and 33. The high fetal mortality rate implied an even greater number of pregnancies, so that she would be pregnant for 36% of this time.
Health risks in connection to pregnancy and childbirth were severe. Septicemia, toxaemia, hemorrhages and obstructed labour could lead to prolonged physical disability and, in the extreme, death. In 1920 one mother died for each 125 living births. At a rate of 3.6 pregnancies per woman, the compounded risk of death from maternal causes was 2.9%.
For every death, twenty times as many mothers were estimated to suffer different degrees of disablement annually. Many maternal conditions had very long lasting or chronic effects on health, hindering women’s ability to work beyond their childbearing years.
Death in childbirth and serious complications from childbirth been forgotten in modern memory. So much so that there can be an entire year in New Zealand when no child nor mother dies in childbirth. When that does happen, there is a coroner’s enquiry.
The implications of medical progress around childbirth for female life expectancy has been equally forgotten as Albanesi and Olivetti explain
The development of bacteriology, the introduction of sulfominydes and antibiotics, and the diffusion of blood banks dramatically decreased the death rate from sepsis and hemorrhage. More specific interventions, such as the standardization of obstetric practices and the increased availability of pre-natal care, reduced the incidence of hypertensive disorders of pregnancy and obstructed labour, a causal factor for many forms of post-partum disability.
These developments lead to a stark decline in maternal mortality and a rise in the female-male differential in life expectancy at age 20 from 1.5 years in 1920 to 6 years in 1960.
At the beginning of the last century, the burden of childbirth and breastfeeding simply made it impossible for married women to work in any significant number as Albanesi and Olivetti explain
In addition, due to the lack of reliable alternatives, most infants were exclusively breast fed. Women would then be nursing for approximately a third of the time between age 23 and 33.
Since the average time required to feed one child ranges between 14 and 17 hours per week, with a 40 hour workweek, mothers would be nursing for 35%-43% of their potential working time in childbearing years.
Not surprisingly given this burden, few married women worked. Only 5.4% of married women aged 25 to 34 were in the labour force in 1900.
There was an extraordinary reduction in the number of years lost in disablement after childbirth in the early and mid-20th century as Albanese in Olivetti’s explain
…the years lost to disabilities associated with maternal conditions declined from 2.31 per pregnancy in 1920 to just 0.17 in 1960.
Medical progress around childbirth is the most important force driving the rise in the participation of married women during childbearing years and post-childbearing between 1935 and 1965. The health burden of giving birth is now measured in weeks rather than years.
The Mongol Empire
13 May 2016 Leave a comment
in defence economics, economic history Tags: age of empires, Mongol Empire
Basic Facts of Growth and Development
12 May 2016 Leave a comment
in applied welfare economics, development economics, economic history, economics of media and culture, growth disasters, growth miracles Tags: The Great Enrichment, The Great Escape, The Great Fact
I hope no one in @OxfamGB’s #taxhaven clip were fresh from a #TPPANoWay march?
11 May 2016 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, income redistribution, international economic law, international economics, Public Choice, rentseeking Tags: antiforeign bias, Left-wing hypocrisy, neocolonialism, Oxfam, rational irrationality, reactionary left, tax havens, TPP
I hope none in this clip protesting against tax havens as short changing everybody else were fresh from protesting how international economic agreements such as the TPPA infringe on the sovereignty of countries.
If you standing up for national sovereignty that includes standing up for the right of other countries doing things that you do not like within their own country.
If countries have the right to set taxes and tariffs as high as they like, they have just the same right to set them as low as they like.
All that plucky rhetoric of TPPA no way and how international economic agreements violate the sovereignty of countries and developing countries in particular is forgotten in a flash by Oxfam.
Oxfam manages the blinding hypocrisy of opposing the Transpacific Partnership on national sovereignty grounds and at the same time call for international treaties to bully small countries about their tax policies, which overrides their economic sovereignty.
The sovereign rights of developing countries to find their own way does not extend to undermining the tax bases of the rich countries struggling to finance their welfare states.
The Pacific Islands, the once were heroes of the recent Paris climate talks, turn into pariahs once they start looking out for themselves and setting up offshore financial centres and tax havens.
Developing countries are free to impoverish themselves by embracing socialism, but if they decide to attract investment and jobs through low tax rates and offshore financial centres, a new form of colonialism is embraced by the reactionary left as embodied by Oxfam.
When my father was born, 7 in 10 people lived in absolute poverty.
Today, it's 1 in 10! https://t.co/1Caqku3AY1—
Tim Fernholz (@TimFernholz) October 21, 2015
Is the Cost of Living Really Rising?
10 May 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: living standards, The Great Enrichment
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