Source: Enemies of the WTO (1999).
The 1st @PaulKrugman explains globalisation to @SenSanders @JeremyCorbyn
04 Jan 2017 Leave a comment
in applied price theory, comparative institutional analysis, development economics, growth disasters, growth miracles Tags: antiforeign bias, antimarket bias, globalisation, Leftover Left, pessimism bias, The Great Enrichment, The Great Escape, The Great Fact
Deirdre McCloskey summarises Rawls and Nozick on unequal incomes
02 Jan 2017 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, Gordon Tullock, growth miracles, history of economic thought, James Buchanan, James Buchanan, labour economics, law and economics, poverty and inequality, property rights, Public Choice, Rawls and Nozick Tags: creative destruction, Deirdre McCloskey, industrial revolution, John Rawls, Robert Nozick, The Great Enrichment, The Great Escape, The Great Fact, top 1%, veil of ignorance, veil of uncertainty
Source: Review of Michael J. Sandel’s What Money Can’t Buy: The Moral Limit of Markets by Deirdre McCloskey August 1, 2012. Shorter version published in the Claremont Review of Books XII(4), Fall 2012 via Deirdre McCloskey: editorials.
Apparently inequality is getting worse according to those that know better as they talk down to us
02 Jan 2017 Leave a comment
in development economics, economic history, growth miracles Tags: The Great Enrichment, The Great Fact
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To start the year on a positive note
01 Jan 2017 Leave a comment
in development economics, economic history, growth miracles Tags: pessimism bias, The Great Enrichment, The Great Escape, The Great Fact
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Marian L. Tupy discusses HumanProgress.org on Stossel
01 Jan 2017 Leave a comment
in development economics, economic history Tags: The Great Enrichment, The Great Escape
Diffusion of consumer durables to poor American households since 1984
13 Dec 2016 Leave a comment
in applied welfare economics, economic history, politics - USA Tags: child poverty, creative destruction, family poverty, technology diffusion, The Great Enrichment
We do not have air-conditioning. Do not know many people who do but New Zealand does have a temperate climate. But if you are down and out in America you still have air-conditioning.
Sources: The Economic Condition of Poor Americans (and the rest of us) Continues to Improve – Coordination Problem and Well-Being – Extended Measures of Well-being: Living Conditions in the United States, 2011 – People and Households – U.S. Census Bureau.
In the 2000s, dishwashers, air conditioning and microwaves were still diffusing rapidly in poor households in addition to the usual digital goods.
To make it even worse, despite the ravages of the 1996 US federal welfare reforms and a top 1% who apparently kept for themselves 90% of all income gains since the 1970s, air-conditioning in poor houses increased by 50% or so between 1994 and 2004.
Imagine how many more poor households would have dishwashers, air-conditioning, microwaves and digital goods but for the top 1%. Not that many actually because most of them already have those consumer durables despite their income not increasing for several decades.
I always puzzle over these who claim that incomes of ordinary families have not increased since the 1970s because that implies you can only buy the same basket of goods and same quality of goods as in the 1970s. That is what no real income growth means. You cannot buy more than before.
Deirdre McCloskey on Equality and Greed and How To Be a Very Good Economist
02 Dec 2016 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, Marxist economics Tags: Deirdre McCloskey, The Great Enrichment, The Great Fact
Hans Rosling on why most of the world is better off than you think
26 Nov 2016 Leave a comment
in development economics, economic history Tags: The Great Enrichment, The Great Escape, The Great Fact
Adam Smith: How His Great Idea Made Us Rich – Deirdre McCloskey
26 Nov 2016 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, growth miracles, history of economic thought Tags: Deirdre McCloskey, The Great Enrichment, The Great Fact
Premio Bruno Leoni 2016 Deirdre McCloskey
16 Nov 2016 Leave a comment
in development economics, economic history, history of economic thought Tags: The Great Enrichment, The Great Fact
How the World Grew Rich
22 Oct 2016 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, industrial organisation, law and economics Tags: Deirdre McCloskey, The Great Enrichment, The Great Fact
A lecture with Robin Hanson Age of Em
18 Oct 2016 Leave a comment
in applied price theory, entrepreneurship Tags: Robin Hanson, The Great Enrichment
The 10 largest economies 1970-2030
02 Oct 2016 Leave a comment
in development economics, economic history Tags: The Great Enrichment, The Great Escape
….
Utopia, you are standing in it! 
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