October 15 wired conference (slide share)
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OurWorldInData.org October 15 th , 2015 WIRED2015 – London Max Roser – Institute for New Economic Thinking at the Oxford Martin School, University of Oxford. Lifting the World out of Poverty OurWorldInData.org
Transcript of October 15 wired conference (slide share)
OurWorldInData.org
October 15th, 2015 WIRED2015 – London
Max Roser – Institute for New Economic Thinking at the Oxford Martin School,
University of Oxford.
Lifting the World out of Poverty OurWorldInData.org
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2: Candles & Books (How incomes grow)
OurWorldInData.org How long do you have to work to afford 1 hour of reading light?
(1,200 lumen hours; 80 watts light bulb)
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1800: Tallow candle 5.4 hours
Nordhaus (1997) – ‘Historical Reassessments of Economic Progress’. In ‘The Economics of New Goods’. http://www.nber.org/chapters/c6064.pdf
How long do you have to work to afford 1 hour of reading light? (1,000 lumen hours; ±80 watt light bulb for 1 hour )
OurWorldInData.org
1880: Kerosene lamp 13 minutes
Nordhaus (1997) – ‘Historical Reassessments of Economic Progress’. In ‘The Economics of New Goods’. http://www.nber.org/chapters/c6064.pdf
How long do you have to work to afford 1 hour of reading light? (1,000 lumen hours; ±80 watt light bulb for 1 hour )
OurWorldInData.org
1960: Filament bulb 3.6 seconds
Nordhaus (1997) – ‘Historical Reassessments of Economic Progress’. In ‘The Economics of New Goods’. http://www.nber.org/chapters/c6064.pdf
How long do you have to work to afford 1 hour of reading light? (1,000 lumen hours; ±80 watt light bulb for 1 hour )
OurWorldInData.org
1992: Compact fluorescent bulb 0.4 seconds
Nordhaus (1997) – ‘Historical Reassessments of Economic Progress’. In ‘The Economics of New Goods’. http://www.nber.org/chapters/c6064.pdf
How long do you have to work to afford 1 hour of reading light? (1,000 lumen hours; ±80 watt light bulb for 1 hour )
OurWorldInData.org
today: LED less than 0.1 seconds
Nordhaus (1997) – ‘Historical Reassessments of Economic Progress’. In ‘The Economics of New Goods’. http://www.nber.org/chapters/c6064.pdf
How long do you have to work to afford 1 hour of reading light? (1,000 lumen hours; ±80 watt light bulb for 1 hour )
OurWorldInData.org
Productivity = What you get out Work you put in
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“The price of anything is the amount of life you exchange for it” – Henry David Thoreau
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3: Prosperity and poverty
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