… the capitalist engine is first and last an engine of mass production which unavoidably means also production for the masses, whereas, climbing upward in… Read More »Schumpeter on who gains from mass production
Here’s Joseph Schumpeter laying out some key features of the importance of (capitalist?) economic growth in 1942. [This Lant Pritchett on broad based economic growth… Read More »Joseph Schumpeter on qualitative gains from capitalist growth
Highlights from Cowen and Roberts’ recent conversation on Econtalk. On reading for love Cowen: …don’t read stuff you don’t love reading. That’s the simplest point… Read More »Love and Clusters: (more from) Tyler Cowen and Russ Roberts on Reading and How to Read
I would think that one of the things that is coming… is the death of distance. We are basically no longer having to use airplanes… Read More »Joel Mokyr on the death of distance (2013 edition)
Good discussion of the dynamics of transient poverty vs persistent poverty, issues with The System and how hard it is to change, whether education helps,… Read More »Podcast recommendation: Mark Rank and Russ Roberts on poverty in the US (Econtalk)
I highly recommend this episode of Econtalk with Matt Ridley talking about how innovation makes inventions useful by making them available, affordable and reliable. The… Read More »Recommendation: Econtalk with Matt Ridley on How Innovation Works
This extract is from is a great Econtalk discussion of How the Other Half Learns. Recommend. Robert Pondiscio: They [Success Academy Charter Schools] require an… Read More »The water we swim in: Robert Pondiscio on culture and school performance
I’ve been reflecting on this theme for the last few days, and I teared up when I came across this. HT: Russ Roberts, here.