Would You Rather Be Rich in 1900 or Middle-class Now?   1 comment

Link: http://www.npr.org/blogs/money/2010/10/12/130512149/the-tuesday-podcast-would-you-rather-be-middle-class-now-or-rich-in-1900

The vanderbilt estate in 1903

Summary: Discussion with Economist Tim Taylor on the puzzler question he poses on the first day of Econ 101: Would you rather make $70,000 a year in 1900, or $70,000 today?

Original air date: October 12, 2010

Length: 19:32

Main story content begins: 4:10

Posted August 6, 2012 by audioecon in Economic Growth & Development, History of Economics

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