The rise in articles about inequality in NZ sure doesn't match the data on inequality.
youtube.com/watch?v=uCT7aE… http://t.co/z2eWKgXJiL—
Eric Crampton (@EricCrampton) June 26, 2015
More heat than light in the recent inequality debate
26 Jun 2015 1 Comment
Uber has grown faster in its first five years than Facebook
26 Jun 2015 Leave a comment
in economic history, economics of media and culture, financial economics, industrial organisation, survivor principle Tags: creative destruction, Facebook, Uber
Uber has grown faster in its first five years than Facebook did buff.ly/1eTxaNH http://t.co/dD1Gv1djkb—
Business Insider (@businessinsider) June 06, 2015
The Migration of Modern Humans out of Africa
25 Jun 2015 1 Comment
in economic history Tags: economics of migration, evolution
Out of Africa: The Migration of Anatomically Modern Humans in 1 beautiful map
bit.ly/1zpLAaA http://t.co/0Kcy7nC3KR—
Max Roser (@MaxCRoser) June 08, 2015
Colonizability of Africa (1899)
25 Jun 2015 Leave a comment
in economic history Tags: Africa, age of empires, British empire, colonisation, imperialism
Colonizability of Africa (1899) by Harry Johnston, a British explorer bit.ly/1uQjAPX http://t.co/2jiqQdCgeT—
Brilliant Maps (@BrilliantMaps) November 23, 2014
Facebook is now worth more than Wal-Mart
25 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Facebook, Walmart
Facebook is now worth more than Walmart
buff.ly/1fuvV7V h/t @DKThomp
$FB $WMT buff.ly/1fuvSZB http://t.co/FtIIJP3EGN—
Ninja Economics (@NinjaEconomics) June 22, 2015
@MaxRashbrooke The top 1% in New Zealand are lazy and incompetent as a ruling class
24 Jun 2015 1 Comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, health and safety, human capital, industrial organisation, liberalism, Marxist economics, poverty and inequality, Rawls and Nozick, unions Tags: capitalism and freedom, Class war, Joan Robinson, Joseph Schumpeter, social insurance, The Great Enrichment, top 1%, welfare state, withering away in the proletariat
New work by Chris Ball and John Creedy shows substantial *declines* in NZ inequality.
initiativeblog.com/2015/06/24/ine… http://t.co/f94fw4Bhae—
Eric Crampton (@EricCrampton) June 24, 2015
The top 1% in New Zealand really have been dropping the class war ball for at least a generation.
Source: The World Top Incomes Database.
Not only have the New Zealand top 1% been pretty miserable at increasing their share of incomes, hardly any change since 1990 and not much before that, the top 1% allowed inequality in both consumption and disposable income to actually fall since 1990 as shown by Treasury analysis published today.
Joan Robinson was on to this in the 1940s when she said the battle cry of Marxists would have to change from the 1848 version “rise up ye workers, rise up for you have nothing to lose but your chains” to “rise up ye workers, rise up for you have nothing to lose but the prospect of a suburban home and a motorcar”.
Today that battle cry of the Marxist revolution would have to be “rise up ye workers rise up for you have nothing to lose but your iPhone and your air points”. As Joan Robinson observed in the 1940s, that’s not much of a basis for a revolutionary movement.
Niagara Falls without water in 1969
23 Jun 2015 Leave a comment
Niagara Falls without water in 1969. Photograph by Robin Adair. http://t.co/kLNIMhDiZw—
Classic Pics (@classicepics) April 23, 2015
The Quantity and Quality of Japanese, Singaporean and Hong Kong Lives, 1965 to 1995
23 Jun 2015 Leave a comment
in applied welfare economics, development economics, economic history, Gary Becker, growth miracles Tags: Hong Kong The Great Escape, Japan, life expectancy is, Singapore, The Great Enrichment, The Great Fact
Figure 1: increase in real GDP and increase in real GDP plus life expectancy GDP increase equivalent, Japan, Singapore and Hong Kong, 1965 to 1995
GDP per capita is usually used to proxy for the quality of life of individuals living in different countries. Becker and his co-authors computed a "full" growth rate that incorporates the gains in health and life expectancy.
Figure 2 shows that Japan, Hong Kong and Singapore started from similar levels of real GDP per capita PPP in 1960.
Figure 2: GDP per capita in 2014 US$ (converted to 2014 price level with updated 2011 PPPs), Hong Kong, Japan and Singapore, 1960 – 2000
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
What Oxfam doesn’t want you to know: global poverty has been declining faster than at any point in human history
23 Jun 2015 Leave a comment
in development economics, economic history, growth miracles Tags: capitalism and freedom, extreme poverty, global poverty, Leftover Left, Oxfam, The Great Enrichment, The Great Escape, The Great Fact
Creative destruction in electronic devices
23 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, technological progress Tags: creative destruction, smartphone, The Great Enrichment
Innovation is letting us accomplish more with less. Learn more: buff.ly/1LmtAZD #tech #progress http://t.co/e2kQlGu3NA—
HumanProgress.org (@humanprogress) June 22, 2015
When was slavery abolished in the Americas?
23 Jun 2015 Leave a comment
in economic history, liberalism Tags: maps, slavery
The dates slavery was abolished in the Americas bit.ly/1BB94w4 http://t.co/Fs3pc0xrU9—
Brilliant Maps (@BrilliantMaps) January 05, 2015
Checkpoint Charlie was dismantled today 1990
22 Jun 2015 Leave a comment
in economic history, Marxist economics Tags: Berlin wall, collapse of communism
On 22 June 1990, 'Checkpoint Charlie', the famous crossing between East-West Berlin, was dismantled. #OTD http://t.co/XGLZiilBxr—
History Facts 247 (@historyfacts247) June 22, 2015
GM’s 1956 vision of a self drive car by 1976
22 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle, transport economics Tags: creative destruction, self drive cars
The entrepreneurial alertness of the Apollo 11 astronauts
22 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, health and safety, labour economics, labour supply, occupational choice Tags: adverse selection, Apollo 11, economics of insurance, entrepreneurial alertness, moon landings, space
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