
HT: deirdremccloskey via cafehayek
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
21 Aug 2014 Leave a comment
in applied welfare economics, constitutional political economy, development economics, growth disasters, growth miracles, liberalism Tags: Deirdre McCloskey, poverty versus inequality, The Age of Enlightenment, The Great Enrichment, The Great Escape, The Great Fact

HT: deirdremccloskey via cafehayek
20 Aug 2014 Leave a comment

01 Aug 2014 Leave a comment
in development economics, growth disasters, health economics Tags: Ebola, media panic, The Great Escape
Ebola is transmitted through close contact with the blood, secretions, organs or other bodily fluids of infected animals. In Africa infection in humans has happened as a result of contact with chimpanzees, gorillas, fruit bats, monkeys, forest antelope and porcupines found ill or dead in the rainforest.

The Ebola virus is fatal in 90 per cent of cases and there is no vaccine and no known cure.
Those at risk during an outbreak include:
Sudden onset of fever, intense weakness, muscle pain, headache and sore throat. That is followed by vomiting, diarrhoea, rash, impaired kidney and liver function and internal and external bleeding.
The incubation period is between two and 21 days.
A person will become contagious once they start to show symptoms. Once a person becomes infected, the virus can spread through contact with a sufferer’s blood, urine, saliva, stools and semen.
If a person is in an area affected by the outbreak, or has been in contact with a person known or suspected to have Ebola, they should seek medical help immediately.
Severely ill patients require intensive supportive care. They need intravenous fluids to rehydrate them. There is currently no specific treatment for the disease. Some patients will recover with the appropriate care.
Currently there is no licensed vaccine for Ebola. Several are being tested but are not available for clinical use.
Source: World Health Organisation via dailymail
25 Jul 2014 Leave a comment
in health economics, technological progress Tags: medical progress, The Great Escape

HT: cato.org
22 Jul 2014 Leave a comment
On a timeline of human history, the standard of living resembles a hockey stick – flatlining and then skyrocketing in just the last few centuries.
Specialization and trade explains the astonishing growth of productivity and output in such a short amount of time—after millennia of famine, low life expectancy, and incurable disease
06 Jul 2014 Leave a comment
in development economics, growth miracles Tags: The Great Escape, The Great Fact
The graph shows the total global proportion of people in extreme poverty from 1820-2005, defined as having less than $1 per day (inflation adjusted across the time period).
HT: Cool It
04 Jul 2014 Leave a comment
in environmental economics, technological progress Tags: London smog, The Great Escape

A London bus conductor is forced to walk ahead of his vehicle to guide it through the smog, 9th December 1952.

In 1952, a choking cloud enveloped much of London and the Home Counties which killed thousands. Barbara Fewster walked 16-mile home – in heels – guiding her fiancé’s car.

the fog persisted until the 1960s when people stop using coal to heat their houses.

the London fogs which were regular from about the 1830s until the early 1960s were part of the good old days before the environment even got worse, if our friends in the environmental movement are to be believed.
via Missed In History: The Great London Smog | Stuff You Missed in History Class.
27 Jun 2014 Leave a comment
in development economics, growth miracles Tags: The Age of Milton Friedman, The Great Escape, The Great Fact
HT: The Gapminder
26 Jun 2014 Leave a comment
This video by Hans Rosling is one of the best about the Great Escape and the Great Fact; and what we just so take from granted, even myself because of the overweening conceit of youth, from our childhoods and the lives of our parents.
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