time price

illustration-of-a-70s-kitchen-stove-microwave-70s-furniture-classic-retro-refrigerator-70s-design-stockpack-adobe-stock
Illustration of a 70s kitchen. Stove, microwave. 70s furniture. Classic retro refrigerator. 70s design
Illustration of a 70s kitchen. Stove, microwave. 70s furniture. Classic retro refrigerator. 70s design

From 1979 to 2019 Finished Goods Became 761 Percent More Abundant for Upskilling Workers

35 consumer goods take 54.4% to 94.9% less time to earn the money to buy. Most of us begin our work life as unskilled workers. But we learn new skills every day and this allows us to upgrade to higher-paying jobs. In a word, we enjoy career mobility. This is why it is important to follow a person’s path through their economic life.  We create categories to divide populations into groups. Categories can provide useful demographic snapshots. Categories don’t change but people move through categories throughout their lives. This is why in many cases it makes more sense to look at individuals instead of categories. We talk about this issue here. We looked at the time prices of 35 finished goods Read More ›

the-interior-metal-manufacturing-the-view-from-the-top-stockpack-adobe-stock
the interior metal manufacturing the view from the top
the interior metal manufacturing the view from the top

George Will: Progressive Gloom Ignores a Marvelous Historical Economic Measure

In “Life After Capitalism,” George Gilder, citing Marian L. Tupy and Gale L. Pooley in the Cato Institute’s volume “Superabundance,” writes that “between 1980 and 2022, workers have been able to buy some 300 percent more goods and services with their hours and minutes.” The secret sauce is applied knowledge. Read More ›
green-corn-field-with-corn-cobs-close-up-stockpack-adobe-stock
Green corn field with corn cobs close up.
Green corn field with corn cobs close up.

Healing Peter’s Pessimism

While it is easy to be pessimistic if you compare today to utopia, a much better perspective is to look at yesterday and see how far we’ve come in our journey to lift everyone from poverty. We’re experiencing growth in material abundance, time abundance, and choice abundance. Welcome to Superabundance! Read More ›
Superabundance

Review of Superabundance on RealClearMarkets

Ronald Reagan said “There are no limits to growth and human progress when men and women are free to follow their dreams.” In Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet the Cato Institute’s Marian Tupy and Brigham Young professor Gale Pooley make a cogent, empirically-grounded case for Reagan’s full-throated optimism. Read More ›
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Cropped image of a young african sportsman
Cropped image of a young african sportsman

A Tale of Two Curves: Physical Life vs. Economic Life

Our economic lives improve if we are free to continuously add knowledge to our planet’s atoms. Knowledge makes atoms more valuable and more abundant at the same time. To better understand our world, we need to focus on the growth of knowledge instead of the aging of our bodies. We face limits to our mortality, but not limits to the growth in value-creating knowledge. Read More ›
Superabundance

Superabundance in the Washington Times

Escaping grinding deprivation has been the aspiration of humanity since the dawn of time. Now that many of the planet’s peoples are blessed with sufficient means of survival — and some with plenty — a trendy narrative threatens to turn the dream into a nightmare. Read More ›
Superabundance

Superabundance Day

Discovery Institute Senior Fellow Gale Pooley's new book "Superabundance" is officially released today. It tells the story of population growth, innovation, and human flourishing on an infinitely bountiful planet. Read More ›
sand-running-through-the-bulbs-of-an-hourglass-measuring-the-passing-time-in-a-countdown-to-a-deadline-with-copy-space-stockpack-adobe-stock
Sand running through the bulbs of an hourglass measuring the passing time in a countdown to a deadline with copy space.
Sand running through the bulbs of an hourglass measuring the passing time in a countdown to a deadline with copy space.

The Greatest Inequality in America

Your perspective will determine what you see. If you compare yourself to someone today, you will always be a loser because it is easy to find people that are better off than you. If you compare yourself to people who lived in the past, you will always be a winner. Read More ›