Want a good look at a member of the super-rich? Take a look in a mirror. Most likely, by historical standards, the person you will see is extremely wealthy.

So says Donald Boudreaux at TCS Daily. He ticks off a short list of things that show how truly wealthy we are (e.g. longer life expectancy, indoor plumbing, no smallpox). However, his answer to the question as to why we have all this advancement isn’t the typical answer of “technology”. While that’s a big reason, there’s a deeper answer which, among other things, allows that technology to be invented.

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Filed under: Culture • Economics

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