How did the Chinese billionaires make their money?

image

Source: Caroline Freund and Sarah Oliver, The Origins of the Superrich: The Billionaire Characteristics Database (2016).

Trade Routes of The Roman Empire in 180AD

Source: Roman Empire GDP Per Capita Map Shows That Romans Were Poorer Than Any Country in 2015 – Brilliant Map.

The first “ultra portable” computer!

https://twitter.com/oldpicsarchive/status/698776455266889732

The rapid rise of a UK Generation Rent @PhilTwyford @PeterDunneMP

The good old days were not very good at all

https://www.facebook.com/WeAreCapitalists/photos/pb.157541337750750.-2207520000.1454840749./487917528046461/?type=3&theater

@NewStatesman @WebbTrust prize-winning essay on inequality missed The Great Escape

image

Source: How can growth reduce inequality?

Cmon aussie c’mon original

The rise and fall of smoking, 1920-2010

More trigger warnings for fainting couch feminists

https://twitter.com/cl_kitchens/status/696852649002401792/p%20%20phttps://twitter.com/IWF/status/697584640756994048

There is widespread ignorance of The Great Escape

https://www.facebook.com/OurWorldinData/photos/pb.255848064618361.-2207520000.1453761667./452418778294621/?type=3&theater

The 1996 US federal welfare reforms at 20

Despite the dire predictions, there has been a permanent reduction in child poverty of 25%, a 35% increase in the employment rates of never married mothers and a 16% increase in the employment rates of single mothers.

Minorities benefited the most from the 1996 US federal welfare reforms in terms of higher employment rates and lower child poverty rates.

As part of the 1996 reforms, Medicaid eligibility was not lost when going off welfare and single parents by getting a job qualified for the Earned Income Tax Credit.

Once were Sweden! New Zealand, Swedish and Australian general government expenditure as % of GDP since 1986

I came across this data showing that New Zealand and Sweden had the same sized public sectors in the mid-1980s some years ago. The data could not be found again for a long time in the OECD statistical databases. One reason was the OECD changed its name to general disbursements.

image

Data extracted on 12 Feb 2016 08:45 UTC (GMT) from OECD.Stat.

The size of the public sector in Australia has not changed much for 30 odd years. The public sector has been in a long decline in Sweden and New Zealand since peaks  as a percentage of nominal GDP in the late 1980s  and early 1990s respectively.

I know of no comments on the large size of the New Zealand public sector as measured by general government expenditure in the late 1980s. Its contribution to the stagnant economic growth of that time is worth exploring.

Colour films were initially thought to be uncompetitive on cost grounds

Where is Holland?

Source: Confused? You will be

The invention of anesthesia upset the Luddites of that day

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