Growth | Page 2 | Economics

Putting money into the gas tank (high gas prices concept)

^{Gale Pooley
May 10, 2022
Growth}

Even With Historic High Gasoline Prices, You Get 62 Percent More Miles for the Same Time it Took in 1980.

_{Gale Pooley
May 10, 2022
Growth}

Yes nominal gas prices are at historic highs, but it’s not the money that counts, it’s your time. Time prices are the true prices. Read More ›

^{Gale Pooley
April 26, 2022
Growth}

Visualizing Global Resource Abundance

_{Gale Pooley
April 26, 2022
Growth}

Think pizzas. Personal resource abundance is the size of the slice. Global resource abundance is the size of the pie. Global resource abundance is the product of the size of the slice multiplied by the size of the population. Read More ›

Top down view of claw hammer and rusty nails on a plain wooden background

^{Gale Pooley
February 23, 2022
Growth}

Nailing Innovation

_{Gale Pooley
February 23, 2022
Growth}

Professor Daniel Sichel from Emory Riddle University has published an interesting paper on nails. He found that before the Industrial Revolution, it took about a minute for a skilled blacksmith or nailsmith to produce one hand-forged nail. Today, a worker can produce 3,500 nails per minute. Read More ›

Green corn field with corn cobs close up.

^{Gale Pooley
February 1, 2022
Growth}

Cornpreneurs Save Us From Davos Elites

_{Gale Pooley
February 1, 2022
Growth}

You may want to try a worm with your next meal, but there is no reason to think we are running out of corn or the land to grow the food for making appetizing steaks, wings, and chops. Read More ›

^{Gale Pooley
October 15, 2021
Growth}

More Interesting Thoughts About Time Prices

_{Gale Pooley
October 15, 2021
Growth}

Time prices offer a number of useful tools to provide additional perspectives on changes in abundance over time. Thinking in time can make much more sense than thinking in money. Read More ›

Three smartphones close-up on a white background.

^{Gale Pooley
October 6, 2021
Growth}

Apple Created $103 Trillion in Consumer Value

_{Gale Pooley
October 6, 2021
Growth}

ale University economist and co-winner of the 2018 Nobel Prize in Economics, William Nordhaus, estimated that producers capture around 2.2 percent of the benefits of technological advances. That would leave 97.8 percent of those benefits to the consumers of those products. Read More ›

DNA molecule in glass tube in hand of scientist

^{Gale Pooley
September 13, 2021
Growth}

The Fastest Learning Curve in History

_{Gale Pooley
September 13, 2021
Growth}

In 1990 a goal was set to map the entire three-billion-letter human genome. The U.S. government spent $3.8 billion to fund the project in general with a fraction going towards the human genome sequencing. Read More ›

Ponzi Scheme text with document brown envelope and gavel isolated on office desk.

^{Nathan Lewis
September 12, 2021
Growth}

Demographic Collapse #2: Ponzi Schemes

_{Nathan Lewis
September 12, 2021
Growth}

I have been arguing that a decline in population (“demographic collapse”) need not be a bad thing. If per-worker productivity remains high, or better yet rises considerably, then individuals and the society in general will remain wealthy and prosperous. Read More ›

Panorama view aerial view new development neighborhood in Cedar Hill, Texas, USA in morning fall with colorful leaves. A city in Dallas and Ellis counties located 16 miles southwest of downtown

^{Gale Pooley
August 27, 2021
Growth}

Population Growth and Resource Abundance

_{Gale Pooley
August 27, 2021
Growth}

Are resources becoming more or less abundant? To answer this question we analyzed the change in the time prices of 50 basic commodities from 1980 to 2020. Recall that 1980 was the year Julian Simon and Paul Ehrlich entered into their famous 10-year $1,000 bet on the price of five metals. Read More ›

^{Gale Pooley
August 5, 2021
Growth}

Are We Running Out? No

_{Gale Pooley
August 5, 2021
Growth}

From 1980 to 2020, every one percent increase in population corresponded to a four percent increase in personal resource abundance and an eight percent increase in global resource abundance. Read More ›