The hockey stick of human prosperity

Since the era of Adam Smith economists have been asking, “What creates wealth?” One key answer is specialization and trade. On a timeline of human history, the recent rise in standards of living resembles a hockey stick — flatlining for all of human history and then skyrocketing in just the last few centuries.
Read more on The hockey stick of human prosperity…

The post The hockey stick of human prosperity appeared first on Acton Institute PowerBlog.

Related posts:
Human Progress and Productivity Gave Us More Time To Watch Cooking Shows
Liu Xiaobo: Peace Prize, Prosperity and Liberty
Is Asia Getting Out Of

Read more at The Acton Institute