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Robert Lucas on the irrelevance of income redistribution to the Great Enrichment
15 Apr 2015 Leave a comment
Hillary’s first TV
14 Apr 2015 Leave a comment
in politics - USA, technological progress Tags: 2016 presidential election, creative destruction, Hillary Clinton, The Great Enrichment
Hillary Clinton is older than this http://t.co/drxM6eZyhe—
TakingHayekSeriously (@FriedrichHayek) April 14, 2015
Causes of death 1900 and 2010
08 Apr 2015 Leave a comment
in health economics Tags: causes of death, life expectancy, The Great Enrichment, The Great Escape, The Great Fact
How we die: Comparing the causes of death in 1900 vs. 2010. #health #dataviz http://t.co/sDbCaJpXGU—
Randy Olson (@randal_olson) March 31, 2015
Everyone is at least 40% better off than 30 years ago and poverty has not increased
07 Apr 2015 Leave a comment
in labour economics, poverty and inequality Tags: poverty and inequality, The Great Enrichment, top 1%
The first home computer
30 Mar 2015 Leave a comment
What matters for your income is your country not your class
29 Mar 2015 Leave a comment
in development economics, growth disasters, growth miracles Tags: The Great Enrichment, The Great Fact
More on the previous: What matters for your income is your country not your class http://t.co/FEoiKpXzVg—
Max Roser (@MaxCRoser) March 28, 2015
The Great Enrichment – cost of household appliances version
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.
The share of income spent on food has plummeted in the US
21 Mar 2015 Leave a comment
in applied welfare economics, health economics Tags: The Great Enrichment
Digital devices are taking over the day
20 Mar 2015 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: creative destruction, network industries, The Great Enrichment
Down and out in America in 2005 – Air Conditioning, Cable TV, and an Xbox
17 Mar 2015 Leave a comment
in politics - USA, population economics, poverty and inequality Tags: living standards, poverty and inequality, The Great Enrichment
For decades, the U.S. Census Bureau has reported that over 30 million Americans were living in “poverty,” but the bureau’s definition of poverty differs widely from that held by most Americans.
In fact, other government surveys show that most of the persons whom the government defines as “in poverty” are not poor in any ordinary sense of the term. The overwhelming majority of the poor have air conditioning, cable TV, and a host of other modern amenities. They are well housed, have an adequate and reasonably steady supply of food, and have met their other basic needs, including medical care.
Some poor Americans do experience significant hardships, including temporary food shortages or inadequate housing, but these individuals are a minority within the overall poverty population.
Utopia, you are standing in it! 
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