time price

man holding a purse with money closeup
man holding a purse with money closeup
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Entrepreneurs Create Abundance. Bureaucrats Create Scarcity.

Mark Perry does a great chart that illustrates the relative changes in the nominal prices of a variety of products and services. What is the difference between growing abundance and growing scarcity? In a word, government. Read More ›
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The Good Old Days Were Really Expensive

We buy things with money but pay for them with our time. Money prices are expressed in dollars and cents, while time prices are expressed in hours and minutes. A time price is simply the money price divided by hourly income. Read More ›
the-interior-metal-manufacturing-the-view-from-the-top-stockpack-adobe-stock
the interior metal manufacturing the view from the top
Image Credit: Александр Ивасенко - Adobe Stock

Progressive Gloom Ignores a Marvelous Historical Economic Measure

In “Life After Capitalism,” George Gilder, citing Marian L. Tupy and Gale L. Pooley in the Cato Institute’s volume “Superabundance,” writes that “between 1980 and 2022, workers have been able to buy some 300 percent more goods and services with their hours and minutes.” The secret sauce is applied knowledge. Read More ›
Marian Tupy PragerU

Superabundance on PragerU

There are now eight billion people living on the planet. Is there enough room for all of us? Are we going to run out of food and other resources? Discovery Institute Senior Fellow Gale Pooley's co-author Marian Tupy, Senior Fellow at the Cato Institute, discusses their new book Superabundance and examines whether or not these fears are valid. His answer may surprise you. Read More ›
Superabundance

Superabundance in the Washington Times

Escaping grinding deprivation has been the aspiration of humanity since the dawn of time. Now that many of the planet’s peoples are blessed with sufficient means of survival — and some with plenty — a trendy narrative threatens to turn the dream into a nightmare. Read More ›
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corn field with sunset at countryside

Forbes: Teach the Truth and Superabundance

In Superabundance, economists Gale Pooley and Marian Tupy show just how extraordinarily better off Americans are today than we were even a few decades ago—and how remarkably our well-being has improved over time. Read More ›
thanos

Are We Running Out?

Economics is the study of how human beings create value for one another. Value is a function of how intelligently we organize things like atoms, musical notes, words on a page, pictures on a screen, and bits in software. The quantity of things is important, but it’s the value of things that count. And value can change as fast as people can change their minds. Read More ›
Marian Tupy and Gale Pooley on Human Progress Podcast
Marian Tupy and Gale Pooley on Human Progress Podcast

Gale Pooley Discusses The Simon Abundance Index on The Human Progress Podcast

Gale Pooley joined his colleague Marian Tupy to give an annual update on their Simon Abundance Index. Named after University of Maryland economist Julian Simon, the Simon Abundance Index measures the change in abundance of resources over a period of time. Read More ›