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284. Superabundance: The Age of Plenty | Marian Tupy, Gale Pooley

The Jordan B. Peterson Podcast

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Understanding Time Prices and Economic Progress

This chapter explores the concept of 'time prices' and how inflation affects the monetary value of goods over time. It emphasizes the relationship between labor, productivity, and the decrease in the cost of essentials like light, illustrating how time investment reflects true economic abundance. The discussion extends to analyzing global economic progress, particularly in emerging economies, while contrasting historical norms with current advancements in technology and quality of life.

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