Comments on: Two Thousand Years of Growth: World Income & Population http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/ Making the "Invisible Hand" Visible Mon, 08 Sep 2008 01:38:38 +0000 http://wordpress.org/?v=2.3.3 By: DavidYin http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-8059 DavidYin Wed, 21 Nov 2007 22:44:58 +0000 http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-8059 The cost of living is also increased. The cost of living is also increased.

]]> By: Living off dividends http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-8013 Living off dividends Wed, 21 Nov 2007 02:24:38 +0000 http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-8013 so basically it was nearly constant for 1000 years when gold was the monetary system. since we've gotten off the gold standard, there's been exponential monetary inflation! so basically it was nearly constant for 1000 years when gold was the monetary system. since we’ve gotten off the gold standard, there’s been exponential monetary inflation!

]]> By: Mike Liveright http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-7586 Mike Liveright Mon, 12 Nov 2007 01:52:25 +0000 http://www.visualizingeconomics.com/2007/11/11/two-thousand-years-of-growth-world-income-population/#comment-7586 Two comments: 1) Almost all organic things, things that grow... are better looked at on semi log plots. I suspect that there is still an increase in the growth rate in the recent years, but not as drastic as the linear chart makes it seem. Note: "The Singularity Is Near: When Humans Transcend Biology By Ray Kurzweil" --> http://books.google.com/books?id=88U6hdUi6D0C&dq=the+singularity+is+near&pg=PP1&ots=vZlZoGpvMO&sig=1kNQLHrpUzi3YniB8Upolgh3qIQ&prev=http://www.google.com/search%3Fhl%3Den%26rls%3DGGGL,GGGL:2006-46,GGGL:en%26sa%3DX%26oi%3Dspell%26resnum%3D0%26ct%3Dresult%26cd%3D1%26q%3Dthe%2Bsingularity%2Bis%2Bnear%26spell%3D1&sa=X&oi=print&ct=title&cad=one-book-with-thumbnail is a discussion of this, (Chapter 1 shows lots of these Log charts showing constant rate of growth entities) and how real soon now machines will be more intelegent that us people. -- Of course there are other curves that sometimes fit situations better, but as a second, better cut, I'd suggest a Log plot of the world income 2) How to lie with statistics points out that the representation of a linear variable, e.g. Population, by a shape is usually consfusing. Is the variable represented by the size of the shape, thus the area is the square of the variable, or is it represented by the area, thus the size is the suare root of the variable. Thus representing the population by the circle is at least confusing to me. Thanks, despite the comments. Two comments:

1) Almost all organic things, things that grow… are better looked at on semi log plots. I suspect that there is still an increase in the growth rate in the recent years, but not as drastic as the linear chart makes it seem. Note: “The Singularity Is Near: When Humans Transcend Biology
By Ray Kurzweil” –> http://books.google.com/books?id=88U6hdUi6D0C&dq=the+singularity+is+near&pg=PP1&ots=vZlZoGpvMO&sig=1kNQLHrpUzi3YniB8Upolgh3qIQ&prev=http://www.google.com/search%3Fhl%3Den%26rls%3DGGGL,GGGL:2006-46,GGGL:en%26sa%3DX%26oi%3Dspell%26resnum%3D0%26ct%3Dresult%26cd%3D1%26q%3Dthe%2Bsingularity%2Bis%2Bnear%26spell%3D1&sa=X&oi=print&ct=title&cad=one-book-with-thumbnail
is a discussion of this, (Chapter 1 shows lots of these Log charts showing constant rate of growth entities) and how real soon now machines will be more intelegent that us people. — Of course there are other curves that sometimes fit situations better, but as a second, better cut, I’d suggest a Log plot of the world income

2) How to lie with statistics points out that the representation of a linear variable, e.g. Population, by a shape is usually consfusing. Is the variable represented by the size of the shape, thus the area is the square of the variable, or is it represented by the area, thus the size is the suare root of the variable. Thus representing the population by the circle is at least confusing to me.

Thanks, despite the comments.

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