GDP growth of humanity over the very long run
ourworldindata.org
GDP growth of humanity over the very long run
1–10 of 47 posts
Re: GDP growth of humanity over the very long run
#2Optimist: Look how good things are getting, we're only a few generations away from universal prosperity!
Pessimist: Look how good things have been, we're clearly only a few generations away from this prosperity bubble bursting.
Re: GDP growth of humanity over the very long run
#3GDP might actually be one of the worst ways to measure collective well-being.
Re: GDP growth of humanity over the very long run
#4GDP might actually be one of the worst ways to measure collective well-being.
That would be because GDP is not a measure of collective well-being.
Re: GDP growth of humanity over the very long run
#5Good summary.
For readability I recommend a logarithmic graph, it helps to bring out the structure of the graph more. Not as dramatic maybe for people who are not used to reading graphs, but I hate to see a graph that is just a thin line stuck to the bottom followed by a sudden upward rocket. Not very readable to my eyes.
Re: GDP growth of humanity over the very long run
#6And if you ask a person in the 18th century if we could grow GDP 30+ folds while increasing various folds also the world population he would say... you are going to finish all the Earth resources and die before you even get to a tenth of that!
It's just to say: 1. productivity is always very misunderstood by people (hence Malthus); 2. poverty is better fought with growth, not re-distribution of wealth
Re: GDP growth of humanity over the very long run
#7GDP might actually be one of the worst ways to measure collective well-being.
Can you back this statement up, please?
Re: GDP growth of humanity over the very long run
#8And if you ask a person in the 18th century if we could grow GDP 30+ folds while increasing various folds also the world population he would say... you are going to finish all the Earth resources and die before you even get to a tenth of that! It's just to say: 1. productivity is always very misunderstood by people (hence Malthus); 2. poverty is better fought with growth, not re-distribution of wealth
0. When many of the world's resources will be depleted in a multi-decade timeframe, there is a problem. I want humanity to last millions of years.
1. Fortunately, longer schooling and birth control has reduced the rate of growth in the model of Malthus. This is dumb luck, not divination from GDP.
2. Please remember that we won WWII and went to the moon in the periods with highest marginal tax rates. Growth is probably highest with higher rates of taxation and government investment in R&D.
Re: GDP growth of humanity over the very long run
#9And if you ask a person in the 18th century if we could grow GDP 30+ folds while increasing various folds also the world population he would say... you are going to finish all the Earth resources and die before you even get to a tenth of that! It's just to say: 1. productivity is always very misunderstood by people (hence Malthus); 2. poverty is better fought with growth, not re-distribution of wealth
Well, if you got hold of how to bootstrap societal growth or end poverty, please, share if with the world. Everybody is looking for this secret and all the obvious answers seem to be wrong.
Anyway, concentration of wealth seems to reduce growth. No idea what way causation points, but your advice against redistribution look very naive.
Re: GDP growth of humanity over the very long run
#10GDP might actually be one of the worst ways to measure collective well-being.
And it might also be one of the best measures of aggregate economic activity for a large region, which could also be considered a good measure of............?