The inverse of the fall in the time price is a huge increase in what the authors termed “personal resource abundance.” For their next step, they multiplied personal resource abundance by population change to get population resource abundance.
For example, for U.S. blue-collar workers from 1919 to 2019, the personal resource abundance of food grew 1,032 percent while the population grew 212 percent, for an increase in population resource abundance of 3,436 percent.
For one, I don’t think the authors took climate change nearly seriously enough.
They also said that the carbon intensity of gross domestic product tends to fall as nations become rich, which is good but not a solution to global warming, since the actual amount of emissions per capita is still higher in rich countries than in poor countries.
Tupy wrote in his email that the environmentalists he and Pooley like are “techno-optimists” such as Bjorn Lomborg, of Denmark, the self-described “skeptical environmentalist,” and Nordhaus, of Yale.
Persons:
Tupy, Pooley, ’, “, ”, Bjorn Lomborg, Steve Jobs
Organizations:
Yale, Apple
Locations:
Waterloo, “ Superabundance, Denmark