HispanicPundit + history + economic-growth   17

What Took You So Long? - Econlib
I have a strong suspicion that these incentives of village life are a big part of the explanation for why it took so long for economic growth to take off. For hundreds of thousands of years, human beings were stuck in societies with informal norms that choked off creativity and entrepreneurship. No wonder the miracle of modernity took so long. For economic growth to really take off, the individual needed a relatively anonymous society where he could turn his back on his neighbors without worrying if an envious neighbor would sink a dagger into it.
Politics  evolution  tribe  psychology  economic-growth  History  Caplan 
january 2019 by HispanicPundit
The Path to Prosperity at Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics
And if you want more high-quality tractors, you need more factories producing them — which means fewer factories producing consumer goods like, say, cars. That in turn requires consumers to rein in their immediate appetites, spending less and saving more. In other words, capital accumulation is driven in part by frugality. Forgo that car purchase and the factories will produce another tractor instead. That’s why tax policies matter. A tax that punishes saving (e.g. the estate tax) is a tax that encourages spending. Because of that tax, the rich buy more cars, the factories produce fewer tractors, and farm wages fall. If you doubt that farm wages depend heavily on the production of tractors, have another look at the graph.
economic-growth  fundamentals  landsburg  poverty  africa  graphs  history  sidebar 
april 2012 by HispanicPundit
Keeping America's Edge > Publications > National Affairs
American economic policy in the wake of World War II was developed by a generation of statesmen who dealt themselves a great hand of cards, and then played it brilliantly. It is hard to exaggerate the strength of America's competitive position in the world economy in September 1945: The United States accounted for an absolute majority of all global manufacturing output, had the world's most technologically advanced economy with ample supplies of natural resources, and could protect this state of affairs with an essentially invincible military that possessed a nuclear monopoly. Most of the rest of the world was in ruins, pre-industrial, or under the control of communist regimes that smothered economic initiative.
brentonwoods  usa  history  economic-growth  conservatives  liberals  nationalaffairs  manzi  sidebar 
august 2011 by HispanicPundit
CONVERSABLE ECONOMIST: 2010 Years of economic output and population in one chart
Over the last 2010 years, 55% of total economic output happened in the 20th century, and an additional 23% of the total in just the first 10 years of the 21st century.

About 28% of the total years of human life lived in the last 2010 years happened during the 20th century, and about 6% of total years of human life lived in the last 2010 years happened in the first 10 years of the 21st century.
economic-growth  lifeexpectancy  history  graphs  economist  timtaylor  sidebar 
july 2011 by HispanicPundit
Why I Don't Believe in the American People - NYTimes.com
What’s also notable in this figure is the invisibility of all the supposed economic miracles we hear about. Saint Reagan was supposed to have revitalized the economy; can’t see it here. All you can really see is that the 60s were very good, and the recent slump has been very, very bad.
brentonwoods  economic-growth  usa  history  krugman  sidebar 
june 2011 by HispanicPundit
Taxing The Rich And Economic Growth | ThinkProgress
Yglesias and Klein make the argument that high tax rates do not impede growth.
economic-growth  taxes  history  conservatives  yglesias  fundamentals  sidebar  graphs 
june 2011 by HispanicPundit
Culture: Is opera good for growth? | The Economist
As you can see, there's a tight relationship between school enrolment in 1900 and income a century later. Ed Glaeser wrote on this back in 2009:
education  history  glaeser  economic-growth  economist  sidebar 
march 2011 by HispanicPundit
An argument I’m delighted to use myself
"For it’s is saying that the great Post WWII economic expansion was nothing to do with high unionisation rates, Bretton Woods, restrictions upon capital movements, high marginal tax rates, fixed exchange rates or any other of the “liberal” or “social democratic” (use one for the US, the second for Europe) theories that are so often advanced.

It was driven by the lack of economic growth in 1929-1945, a lack of economic growth which was accompanied by technological and productivity advances. That is, Post WWII growth happened not because of the policies enacted but despite them."
economic-growth  history  unions  usa  krugman  worstall  sidebar 
january 2011 by HispanicPundit
Growth: Why is America so rich? | The Economist
Mr Smith also gets at something important in discussing immigration and talent. The economic geography of the world is lumpy, and talent likes to clump together into centres of innovation. Through fortune and foresight, America managed to develop world-leading centres of talent in places like Silicon Valley, Boston, and New York. Relatively open immigration rules and the promise of a safe harbour for war refugees, including persecuted Jews, helped build these knowledge centres. When one combines that innovative capacity with a system that makes it relatively easy to develop ideas and relatively lucrative to exploit them economically, the potential is there for rapid and sustained growth.
usa  history  economic-growth  immigration  jews  economist  sidebar 
december 2010 by HispanicPundit
EconLog, Asian Economic History, Arnold Kling: Library of Economics and Liberty
"...even if you control for "cultural" variables like Confucianism, Islam, or Buddhism, the nation's average IQ is still a strong predictor of economic performance. High-IQ groups are likely to have some good cultural traits like patience, cooperativeness, and a tendency to agree with economists on the merits of untrammeled competition."
asia  History  economic-growth  IQ  culture  Kling  sidebar 
august 2008 by HispanicPundit
EconLog, Economic Growth: Can You Give an Answer a Five-Year-Old Could Understand?, Bryan Caplan: Library of Economics and Liberty
"So, dear readers, here's my challenge: In the comments, can you write an economically sound answer to the question "When Did Life For the Poor Get Better?" that a five-year-old could understand? 150 words or less!"
economic-growth  productivity  labor  History  sidebar 
september 2007 by HispanicPundit
EconLog, What Took You So Long?, Bryan Caplan: Library of Economics and Liberty
Envy, Haterism and straight jealousy was the reason why poverty ruled the world throughout most of history.
History  capitalism  economic-growth  inequality 
november 2006 by HispanicPundit

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