The main point of medianism is that economic measures should prioritize people more than money. That is why median income is a better measure than mean income. Similarly, when we display data about the distribution of economic wellbeing or democratic…
Blog Archives
Maps displaying economic and political information should be drawn proportional to population
Posted in Medianism
Millionaire Superheros: Henry Heimlich
Henry Heimlich’s biggest innovation is famous: the Heimlich maneuver for saving people from choking. The Deaconess Institute estimates it has saved 50,000 lives in the US and since the US is less than 5% of world population, it is likely that…
Posted in Millionaire Superheroes
A new indicator of economic development: How many years would you work to buy your life?
Although most people find it distasteful to put a dollar value on human life, people have been doing it for centuries and these judgements have always had a big impact on people. Before the 1960s, the motivation for putting an…
A list of notable attempts to go beyond GDP
I have only about three more months left in my sabbatical in which to figure out how to promote MELI as a replacement for GDP. I have spent much of the past week researching other attempts to replace GDP and just…
Posted in MELI & Econ Stats
Sexual reproduction is rapidly coming to an end.
In Scientific American, Holly Dunsworth wrote that homo sapiens is the only species that understands the birds and the bees. Even apes don’t comprehend the concept that sex leads to babies. Animals don’t need to understand it because they are…
Posted in Development
Chris House’s Soft Bigotry Of Low Expectations
University of Michigan economist, Chris House gave recommendations for the two most important economics writings for all Americans to read: If I could dictate the reading habits of my fellow Americans, I might put Piketty’s Capital in the Twenty-First Century on the…
Posted in Macro
Median individual income is still fairly stagnant, particularly for men.
The Census just announced a historically rapid rise in median household income which is cause for celebration, but the reason why it rose is a bit less heartening. Basically, households are working more hours. The median earnings of individuals is still somewhat stagnant:…
Posted in Inequality, Medianism
Medianism 