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Economic Growth

How Machines Changed Production

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The Industrial Revolution changed forever both the way goods are made and the lives of the workers who make them. In the early years, workers did not like the changes. They challenged the factory owners, sometimes violently destroying the machinery that was transforming their lives. These protesters were called Luddites. Listen to learn about how […]

Posted bynpr_h1dlv5November 25, 2019November 25, 2019Posted inEconomic Growth

The History of Light and Economic Growth

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How people have made artificial light over the past 4,000 years reflects the history of economic growth in the world. One economist has explored the cost of light, starting in ancient Babylonian times and ending in the 1990s. He discovered that for most of the past four millennia, light was very expensive. Then, in the […]

Posted bynpr_h1dlv5November 25, 2019November 25, 2019Posted inEconomic Growth

Topics

  • Allocation
  • Competition and Market Structure
  • Decision Making
  • Economic Fluctuations
  • Economic Growth
  • Entrepreneurship
  • Fiscal and Monetary Policy
  • Government Failure
  • Incentives
  • Income
  • Institutions
  • Interest Rates
  • Markets and Prices
  • Money and Inflation
  • Role of Government and Market Failure
  • Role of Prices
  • Scarcity
  • Specialization
  • Trade
  • Unemployment and Inflation

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