Tag Archives: economic growth

The fundamental mystery of capitalism, in my mind, is how a lot of locally zero-sum fights—over customers, over bread, over a job opening—can result in a globally positive-sum game like 2%/year economic growth over a century. Just had a small … Continue reading

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Hebbian History

memeengine replied to your post: Or can the influence of any ancestor ever fade down to zero? (Or, well… to arbitrarily small size?) An AR[1] process can go arbitrarily ↓0 as time↑∞. But in real life the sins of the fathers … Continue reading

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http://c.brightcove.com/services/viewer/federated_f9?isVid=1 Africans drink 7 litres of commercial beer per year. Chinese drink 35 litres of commercial beer per year. Americans drink 70+ litres of commercial beer per year. (minute 7) From my own little corner of the Earth, it looks … Continue reading

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Airplane passenger: It was the worst day of my life! First, we had to wait for twenty minutes! before they would let us board. And then, we had to sit on the runway for forty minutes! before they would let us take off!  Louis CK: Oh, really? … Continue reading

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It has been said that in 1800, not one person in fifty living in England wore socks, but by 1900 not one person in fifty was without them. Robert L Nelson

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