Out today. Check out the blurbs from Angus Deaton, Jason Furman, George Gilder, Deirdre McCloskey, Steven Pinker . . .
After analyzing the prices of hundreds of commodities, goods, and services spanning two centuries, Marian Tupy and Gale Pooley found that resources became more abundant as the population grew. That was especially true when they looked at “time prices,” which represent the length of time that people must work to buy something.
To their surprise, the authors also found that resource abundance increased faster than the population―a relationship that they call “superabundance.” On average, every additional human being created more value than he or she consumed. This relationship between population growth and abundance is deeply counterintuitive, yet it is true.
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Superabundance
This controversial and counterintuitive new book examines why population growth and freedom to innovate make Earth’s resources more, not less, abundant.
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