Source: CONVERSABLE ECONOMIST: Why Do Oil Prices Keep Astonishing Us?
Oil prices were really low in the 90s
04 Mar 2016 Leave a comment
in economic history, energy economics, industrial organisation, survivor principle Tags: cartel theory, Oil prices, OPEC
Creative destruction in digital cameras
03 Mar 2016 Leave a comment
in economic history, industrial organisation, survivor principle Tags: creative destruction
Social Security contributions as a percentage of GDP in the G7 countries
03 Mar 2016 Leave a comment
in economic history, public economics Tags: British economy, Canada, France, Germany, Italy, Japan, social insurance, Social Security, taxation and labour supply
Source: Revenue Statistics 2015 – OECD 2015.
Taxes on goods and services as a % of US, British, Danish, Canadian, French and German GDPs since 1965
02 Mar 2016 Leave a comment
in economic history, public economics Tags: British economy, Canada, Denmark, France, Germany, GST, indirect taxes, VAT
Japanese, Korean and US tax revenues as a % of GDP since 1965
02 Mar 2016 Leave a comment
in development economics, economic history, growth miracles, public economics Tags: growth of government, Japan, size of government, South Korea
Japanese and Korean growth in the size of government seems to validate Directors’ Law. Government get bigger after countries become rich.
Data extracted on 23 Feb 2016 07:08 UTC (GMT) from OECD.Stat.
Extreme poverty was halved between 1990 and 2010
02 Mar 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: extreme poverty, global poverty, The Great Escape
Japanese, Korean and US general government expenditure as a % of GDP since 1960
02 Mar 2016 Leave a comment
in development economics, economic history, growth miracles, Public Choice, public economics Tags: growth of government, Japan, size of government, South Korea
Tax revenues as % of US, British, Canadian and Australian GDPs since 1965
01 Mar 2016 Leave a comment
in economic history, public economics Tags: Australia, British economy, Canada, growth of government, size of government
Nokia phone ~2004 vs. iPhone ~2015.
29 Feb 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation Tags: cell phones, iPhones, mobile phones, technology diffusion, The Great Enrichment
https://twitter.com/pmarca/status/679842098632249344
https://twitter.com/JustHistoryPics/status/699047605070884866
Are vaccines really necessary
29 Feb 2016 Leave a comment
in economic history, economics of media and culture, health economics Tags: anti-vaccination movement, The Great Escape, vaccinations, vaccines
General government expenditure as % of US, British and Canadian GDP since 1960
28 Feb 2016 Leave a comment
in economic history, fiscal policy, macroeconomics, politics - USA, public economics Tags: British economy, Canada, growth of government, Margaret Thatcher, size of government, Thatchernomics, Tony Blair
Both the British and Canadian economies experienced major winding backs in the size of government. Only the UK, under neoliberal pawn and closet Thatcherite Tony Blair, was that undone. He is now despised by many Labour Party members including its current leader for this record.
Data extracted on 23 Feb 2016 07:45 UTC (GMT) from OECD.Stat.
Ratio of unemployment and single parents benefit to the New Zealand net average wage since 1970
27 Feb 2016 Leave a comment
in economic history, labour economics, labour supply, politics - New Zealand, welfare reform Tags: domestic purposes benefit, single mothers, single parents, social insurance, unemployment benefit, welfare state
Source: OECD Economic Survey New Zealand 2015.
North West Europe, 16,000 years ago
26 Feb 2016 Leave a comment
in economic history Tags: Europe, maps
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