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trharlan (2)

The Industrial Revolution, past and future:

The entire human race is getting rich, at historically unprecedented rates. The economic miracles of East Asia are, of course, atypical in their magnitudes, but economic growth is not the exception in the world today: It is the rule.

Nobel Prize winner Robert Lucas discusses wealth redistribution and the world economy.
posted by trharlan on Jun 13, 2004 - 9 comments

A Frank and Sobering interview with Milton Friedman In fact, all of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. (via Econlog)
posted by trharlan on Sep 17, 2003 - 50 comments