HispanicPundit + history + poverty   13

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
Was the poverty of Africa determined in 1000 BC?
1500 AD technology is a particularly powerful predictor of per capita income today. 78 percent of the difference in income today between sub-Saharan Africa and Western Europe is explained by technology differences that already existed in 1500 AD – even BEFORE the slave trade and colonialism. Moreover, these technological differences had already appeared by 1000 BC. The state of technology in 1000 BC has a strong correlation with technology 2500 years later, in 1500 AD."
africa  poverty  slavery  history  easterly  sidebar 
july 2010 by HispanicPundit
How I'd Sell Civilization to Cavemen, Bryan Caplan | EconLog | Library of Economics and Liberty
"I've got a lot to say about [the book] Spent, but I'll start by insisting that any half-decent salesman could sell civilization to cavemen. The salesman should start by mentioning that civilization ends hunger. In fact, by working for an hour or two a day, you can go to a "grocery store" and choose between tens of thousands of tasty foods. If that's not enough, civilization keeps people warm in the winter, cool in the summer, and dry all year long. And even if it doesn't drastically raise adult life expectancy, civilization does wonders for infant and child mortality. Do you think cavemen might miss their kids when they die? If so, civilization has much to offer them."
books  poverty  liberalism  history  capitalism  caplan  sidebar 
july 2009 by HispanicPundit
The Nonsense of Global Warming - Forbes.com
"Marxism, Freudianism, global warming. These are proof--of which history offers so many examples--that people can be suckers on a grand scale. To their fanatical followers they are a substitute for religion. "
marx  globalwarming  environmentalism  poverty  History  sidebar 
september 2008 by HispanicPundit
Marginal Revolution: Larry Bartels, and how Republican Presidents drive income inequality
"I view the statistical significance of the Bartels result as stemming from monetary policy. Republicans are more willing to break the back of inflation and risk an immediate recession. "
monetary  republicans  history  poverty  inequality  bartels  Krugman  rodrik  cowen  sidebar 
april 2008 by HispanicPundit
Dani Rodrik's weblog: Shleifer the (counter-)revolutionary
The last half of the twentieth century, Friedman, poverty, and Chindia.
china  india  Friedman  History  poverty  rodrik  capitalism 
february 2008 by HispanicPundit
Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal
Slouching Towards Utopia? The Economic World of the Twentieth Century: Chapter 7.1: The World in 1900: The View from 1900
History  USA  world  economics  poverty  standardofliving  sidebar 
august 2007 by HispanicPundit
Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal
The Economic World of the Twentieth Century: Chapter 7.2: The World in 1900: Poverty
USA  world  History  economics  standardofliving  poverty  sidebar 
august 2007 by HispanicPundit

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