Blog Archives

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

Posted in Development, Health, Inequality, Medianism, MELI & Econ Stats, Public Finance

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

Unmasking Millionaire Superheroes: Nils Bohlin

Dylan Matthews at VOX shows a graph from the WHO that the trend of rising life expectancy has been continuing since 1990: Life expectancy has been rising fastest in low income countries which have the lowest life expectancy, but average life

Posted in Millionaire Superheroes

Capitalism rests on socialist foundations.

Yesterday I noticed that one of my colleagues, Dr. George Lehman, will be giving a presentation entitled, “Having it both ways: Costa Rica as an alternative to the capitalism-socialism debate.” George always gives interesting presentations and whereas I’ll probably agree

Posted in Development, Managerial Micro, Public Finance

The most important medical advance of the past century

Antibiotics revolutionized medicine, but it is likely that no single antibiotic caused as big of a drop in deaths as a simple over-the-counter medicine that you have probably taken it at some point without appreciating how revolutionary it is.  It

Posted in Development, Health, Millionaire Superheroes

Are the profits at the bottom of the pyramid enough motivation for research and development of appropriate technologies?

The back cover of C.K. Pralahad’s book, The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits says, One market that’s been overlooked is also the fastest growing market in the world, and it’s where you least expect it:

Posted in Development

The rules of globalization were written to help elites hide money.

Hernando de Soto believes that economic development and capitalism depends upon formal property rights. He has been advocating for making a clear public record of who owns all real estate and to help entrepreneurs register their ownership of their businesses because millions of

Posted in Development, Globalization & International, Public Finance

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