A few years ago I wrote a post talking about “depression babies.” In it, I cited a research paper that looked at the impact of macroeconomic shocks on people’s willingness to take on financial risk in the future. The term “depression babies” stems from the… Read More
Carlota Perez is a professor that specializes in the social and economic impact of technological change. In 2002, she published an influential book called Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages. One of her arguments is that economic growth since the… Read More
The following chart was created by Branko Milanovic (Visiting Presidential Professor, Graduate Center, City University of New York and Senior Scholar, Luxumberg Income Centre) and by Christoph Lakner (Economist in the Development Research Group at the World Bank. It is known as the “elephant graph” because,… Read More
Earlier in the week, I came across this post (via Fred Wilson), arguing that rapid technological progress is causing systemic deflation in the broader economy. Here’s a chart that illustrates the author’s point: What is happening here is that despite advances in technology and increases in… Read More
One of the things that Joe Berridge reminded me of in his talk yesterday, is that the story of Toronto is really the story of immigration. In his words, Toronto has become the success story that it is precisely because we are good at taking… Read More
BRANDON DONNELLY 