In 1915, only 8% of households had a telephone. pic.twitter.com/sz660rVH8D
— Vala Afshar (@ValaAfshar) December 31, 2015
The good old days, this day 1915
01 Jan 2016 Leave a comment
in economic history Tags: The Great Enrichment
Creative destruction in jeans
28 Dec 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: creative destruction, The Great Enrichment
Today, it takes less work to earn enough to buy jeans than it did in the 1950s. buff.ly/1cT86Vb #progress http://t.co/WtEn735cPP—
HumanProgress.org (@humanprogress) June 14, 2015
The Great Fact in Latin America
19 Dec 2015 1 Comment
in applied welfare economics, development economics, economic history, growth disasters, growth miracles Tags: Latin America, The Great Enrichment, The Great Fact
In early 2000s more than 40% of Latin Americans lived on less than $4 a day. What about now? wrld.bg/OK6J6 http://t.co/iEZm030rj6—
World Bank Poverty (@WBG_Poverty) June 25, 2015
The coalition of obsolete industries still needs your support! Stop progress now?
14 Dec 2015 Leave a comment
in development economics, economic history, entrepreneurship, industrial organisation, survivor principle, technological progress Tags: creative destruction, entrepreneurial alertness, Luddites, The Great Enrichment, The Great Fact
More on The Great Enrichment
09 Dec 2015 Leave a comment
in applied welfare economics, development economics, economic history, growth disasters, growth miracles Tags: The Great Enrichment, The Great Escape, The Great Fact
An Orgy of Innovation
25 Nov 2015 Leave a comment
in applied price theory, economic history, entrepreneurship Tags: capitalism and freedom, creative destruction, entrepreneurial alertness, innovation, The Great Enrichment
Deirdre McCloskey on Piketty, the Bourgeoisie Deal, the Bolshevik Deal, and the Bridal Deal
17 Nov 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, Public Choice Tags: bourgeoisie deal, capitalism and freedom, Deirdre McCloskey, industrial revolution, The Great Enrichment, The Great Escape, The Great Fact, Thomas Piketty

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Too many hippies study biology
12 Nov 2015 Leave a comment
in applied price theory, economic history, economics of media and culture, liberalism, movies Tags: agricultural economics, back to nature, expressive boating, hippies, Left-wing hypocrisy, Leftover Left Twitter left, The Great Enrichment, The Great Escape, The Great Fact
Unions – not the cause of our 40 hour workweek
10 Nov 2015 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, health and safety, human capital, industrial organisation, labour economics, labour supply, Marxist economics, minimum wage, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, unions Tags: The Great Enrichment, union power, union wage premium
Increase in real New Zealand household incomes since 1982 – before and after housing costs
07 Nov 2015 Leave a comment
in economic history, politics - New Zealand Tags: housing affordability, living standards, RMA, The Great Enrichment
It is those below median household income that are suffering more from rising housing costs in New Zealand since 1982. Those on low incomes in particular have suffered the most.
Source: Bryan Perry, Household Incomes in New Zealand: trends in indicators of inequality and hardship 1982 to 2014 – Ministry of Social Development, Wellington (August 2015), Tables D3 and D4.
The data for the lowest decile is somewhat unreliable because there are so many implausibly low and zero incomes in that decile.
Robert Lucas on income redistribution and economic growth
05 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, macroeconomics, Robert E. Lucas Tags: capitalism and freedom, industrial revolution, The Great Enrichment, The Great Escape, The Great Fact
@BernieSanders @HillaryClinton an average American works 11% less than in 1950, but earns 246% more
05 Nov 2015 Leave a comment
in economic history, politics - USA Tags: 2016 presidential elections, antimarket bias, good old days, Leftover Left, living standards, pessimism bias, rational ignorance, rational rationality, The Great Enrichment, Twitter left
More on Down and Out in America
03 Nov 2015 Leave a comment
in applied welfare economics, politics - USA Tags: living standards, The Great Enrichment
@Oxfam fewer people living in absolute poverty today than in 1820
29 Oct 2015 Leave a comment
in economic history Tags: capitalism and freedom, extreme poverty, industrial revolution, Leftover Left, The Great Enrichment, The Great Escape, The Great Fact, Twitter left
There are fewer people living in absolute poverty today than there were in 1820. buff.ly/1OlOpX3 #progress http://t.co/LfC8I5gEE9—
HumanProgress.org (@humanprogress) October 07, 2015

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