People in societies such as ancient Greece, imperial China, Medieval Europe, and colonial America did not measure people's well-being in terms of monetary earnings or economic output.
The turn toward financial statistics means that instead of considering how economic developments could meet our needs, it instead is to determine whether individuals are meeting the demand ...
What led to the pricing of progress in the mid-19th century was capitalism.
Capitalism is not just the existence of markets. It is also capitalised investment, where elements of society ...
Capitalization was key to the rise of economic indicators. Upper-class Americans began to put their wealth into new financial assets. They began to see their society as a capitaliz...
By the progressive era (1890s to the 1920s), a child was valued as a potential wealth-producer. "If he lived out the normal term of years, he can produce $2900 more wealth than it costs to rear...
The conditions for economic growth were regularly put before the necessary conditions for individuals' well-being.
In 1911, an efficiency expert bluntly stated: "In the past the man ...
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