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 ›
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 ›
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 ›
If space tourism can innovate as fast as computer technology, we all get to ride. Every flight yields new knowledge. Learning curves reduce costs 20 to 30 percent for each doubling of output. Read More ›
Since 1830 global light abundance has increased by 43,874,900 percent. Every one percent increase in population corresponded to a 79,773 percent increase in global light abundance. Read More ›
