Celebrating humanity's flourishing through the spread of capitalism and the rule of law
23 Mar 2015 Leave a comment
in politics - USA, technological progress Tags: living standards, The Great Enrichment
we find that people at all income levels now have access to many more material possessions than they did in the 1980s. Moreover, there has been a narrowing of the gap between high and low-income classes in terms of ownership of these items.
It is hard to argue against the improvement in the standard of living that has accompanied these trends. Hence, the standard narrative that rising income inequality has somehow hurt the middle and lower-income classes is not supported by data.
23 Mar 2015 Leave a comment
in economics of media and culture, technological progress Tags: creative destruction, Internet, technology diffusion
23 Mar 2015 Leave a comment
in economic history, technological progress Tags: The Industrial Revolution
…In the first half of the 19th century, the real wage stagnated while output per worker expanded. The profit rate doubled and the share of profits in national income expanded at the expense of labour and land.
After the middle of the 19th century, real wages began to grow in line with productivity, and the profit rate and factor shares stabilized….
Technical progress was the prime mover behind the industrial revolution. Capital accumulation was a necessary complement.
The surge in inequality was intrinsic to the growth process: technical change increased the demand for capital and raised the profit rate and capital’s share. The rise in profits, in turn, sustained the industrial revolution by financing the necessary capital accumulation.
After the middle of the 19th century, accumulation had caught up with the requirements of technology and wages rose in line with productivity.
via Today’s Economic History: Robert Allen: Engels’s Pause (Brad DeLong’s Grasping Reality…).
21 Mar 2015 Leave a comment
in health economics, technological progress Tags: Club of Rome, The Great Escape
19 Mar 2015 Leave a comment
in technological progress Tags: space
18 Mar 2015 Leave a comment
in environmental economics, global warming, technological progress, transport economics Tags: carbon footprint, climate alarmism, expressive voting, global warming, solar flight, solar power
13 Mar 2015 Leave a comment
in economics of media and culture, poverty and inequality, technological progress Tags: cell phones, creative destruction, iPhones, technological diffusion
09 Mar 2015 Leave a comment
in economic history, technological progress Tags: The Great Enrichment
The difference between 2000 and 2015 in one image. http://t.co/FJKP6XylLA—
Benedict Evans (@BenedictEvans) March 05, 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Restraining Government in America and Around the World
Utopia, you are standing in it! 
Recent Comments