Posts Tagged Hans Rosling

Religion, Babies, and the Limits of Economic Analysis

Data-visualization guru Hans Rosling recently gave a fascinating TED talk contemplating the relationship between religion and babymaking. (For some of my commentary on his previous instances of wizardry, see here and here.)

This week at Values & Capitalism, I offer my thoughts on the lecture, focusing specifically on the limits of Rosling’s analysis as it relates to the economic implications of religion and culture.

You can watch the full talk below:

Rosling argues that religion has nothing to do with decreasing birth rates, but getting out of poverty does.

Ah, but what hath religion to do with that?

As I’ve written previously, economists have a tendency to shy away from and/or mistreat any factors that might rattle their neat categorical frameworks and cause “#VALUE!” to pop up throughout their intricate Excel spreadsheets. Observing countries according to “majority religion,” for example, provides little insight into the unique cultural differences and political climates of the countries involved while also Read the rest of this entry »

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The Magic of Regression: Following the Leader in Reverse

I recently posted my thoughts on Hans Rosling’s TED Talk, “The Magic of the Washing Machine,” which does a fine job of illustrating how progress can feed progress, and how human ingenuity is at the heart of it.

In my most recent post at Common Sense Concept, I focus on a different phenomenon: our tendency to greet such progress with opposition:

If humans are really the “ultimate resource” as Julian Simon suggested, it’s no wonder that the continuous maximization of human time and freedom will lead us toward ever-increasing output. Yet just as the fruits of industrialization and widespread innovation seem to be evidence of some kind of “magic,” various opposing forces seem intent on demonstrating their own variety of bizarre tricks. Alas, just as society seems to progress, we exhibit a strange tendency toward regress.

Yet not all opposition leads to regress. We should indeed meet each new technological innovation with plenty of skepticism and criticism. In some sense, that’s what being a conservative is all about. So how do we properly discern? How do we know what will truly lead to progress and what will actually push us backwards?

We don’t. At least not always — which is why I think the more important question has to do with who is doing the discerning rather than what we are discerning about. As Thomas Sowell says, and as I quote quite frequently, “The most basic question is not what is best, but who shall decide what is best.”

Here’s more from the post:

We will always have error, and we will always have disagreement, particularly in the realm of progress. But when we as individuals truly screw up, the consequences come quickly. When disruption comes, we humans are pretty good at responding and adapting. Nobody likes to look stupid and nobody prefers to be on the “wrong side of progress.” In a society guided by self-interest a la Adam Smith, the invisible hand typically spanks us when we need it, and progress gets back on track accordingly.

So what happens when the central planners mess up? What happens when lofty bureaucrats and paper-pushers start making decisions about what light bulbs we use, what toilets we flush, and how much salt goes in our French fries?

An inescapable, large-scale game of Read the rest of this entry »

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The Magic of Industrialization: Washing Machines, Productivity, and the Gospel

Hans Rosling recently gave a TED talk on the immense productivity that has come with industrialization (HT). To demonstrate such benefits, Rosling centers his discussion around the washing machine, a tool most Westerners simply take for granted.

Watch the video here:

Although Rosling puts significant emphasis on the silliness and hypocrisy that permeates the green movement, he concludes his talk by pointing back to the productivity factor. When products assume tasks for us — particularly labor- and time-intensive tasks — we are free to pursue other endeavors.

In the case of Rosling’s mother, the washing machine gave her time to go to the library, teach herself English, and inspire a love for scholarship in her son. Such stories should prompt all of us to think critically about Read the rest of this entry »

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Prosperity Explosion: Is Income Disparity Necessary for Growth?

Hans Rosling recently released a marvelous video on the relationship between income and life expectancy over the last 200 years (HT). The visualization is stunning.

See it for yourself:

One item worthy of note is how Rosling describes our “remarkable progress” as occurring despite “enormous disparities.” It is a small but important distinction to dissect.

Is it not true that loosening up trade and expanding freedom requires income disparity, or the mere allowance of it? After all, it is during the de-centralization and the individual freedom of the Industrial Revolution that the bottom-left countries started moving decidedly toward the upper right. In a free society, income disparity is typically a sign of efficiency, i.e., maximizing, channeling, and organizing human potential and innovation effectively (thus a subsequent boost to life expectancy).

This isn’t to say that the current extent of income disparity is inevitable, or that all forms of such disparity are signs of efficiency, but overall, you cannot have steady growth without a steady improvement of allocation, and you cannot maximize allocation improvement without allowing for inequality in economic rewards.

Don’t get me wrong. I share Rosling’s optimistic outlook about the future. I do think we can close the gap between “the West and the rest.” It is indeed possible and desirable that we get most people to the healthy-wealthy corner of Rosling’s chart.

Hans Rosling, data, visualizationHowever, I don’t think we can accomplish this if we see economic inequality as an evil or a hindrance to our productivity. It is in the countries that view it as such that we consistently find resistance to upper-right movement.

It is not, as Rosling says, despite income disparity that prosperity has exploded; it is in part because freedom-loving people stopped fearing it. We began living lives of individual invention and personal risk rather than cowering beneath crippling insulation and slavish submission.

It is only by allowing for life to happen that we can hope for life to improve.

(Photo Credit)

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