Posts Tagged ‘economic growth’

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Elasticity: Eating More Meat

    Aug 15, 13 • 648 Views • No Comments

    Earning more probably means eating more meat. Chinese meat consumption surpassed the US in 1990. Their 7-fold increase since 1980 corresponds to a huge GDP pop–maybe by a 50 multiple. One Australian economist hypothesizes that when an economy doubles,...  [read more]

  • GDP: The Brooklyn Bridge

    Jul 30, 13 • 288 Views • No Comments

    The story of the Brooklyn Bridge is really about cheap steel. Used to iron that tended to be brittle, 19th century bridge builders had little experience with steel. And yet, the dimensions of the Brooklyn Bridge required what steel could provide– a...  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Entitlements: A Baby Boomer Crisis?

    Jul 21, 13 • 281 Views • No Comments

    The good news is that many of us are living longer. (Afterwards, we will look at the bad news.) A new study from the Institute for Health Metrics and Evaluation (IHME) tells us that in 2010 the average US woman lived for 80.9 years and the average male, 76.3...  [read more]

  • The Natural Resource Curse: Detroit?

    Jul 19, 13 • 276 Views • No Comments

    Displaying all municipalities that filed for Chapter 9 bankruptcy protection since 2010, this map shows cities, towns and counties in red (8) and utility authorities and other municipalities in black (28). With Detroit’s filing  most recent, this May...  [read more]

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    GDP: Family Matters

    Jun 20, 13 • 455 Views • No Comments

    Recently, a woman who had emigrated to the US told me that speaking English was prohibited in her NYC home. She allowed only Spanish. “Why,” I asked? Proudly she said, “The importance of family.” Wondering if her decision would impact...  [read more]