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seen Nov 18 at 3:23

Sep
5
comment Why is the USA the world's strongest country?
@Semaphore I see no link between agricultural productivity and GDP per capita. Well, maybe it can explain why Mali and Niger are some of the poorest countries in the world, and why Greenland is not a sovereign state. But after a state has achieved a certain threshold of wealth it cannot explain why some have high GDP per capita and why others have low and, therefore cannot explain the success of the US. I believe population density has a complex relationship with GDP per capita, given examples like Bangladesh, Rwanda, Haiti and India. But I believe urbanization has some kind of relation to GDP
Sep
5
comment Why is the USA the world's strongest country?
@Semaphore Yes, but GDP per capita (which I talk about) means GDP per person. So it measures economic activity per person. The population size does not affect this measure. Agricultural output has, of course, affected the size of a population, but agricultural activity typically contributes less than 5% of first world countries GDP these days. Services typically contributes more than 60%, while production fills up the rest of the cake.
Mar
20
comment Why is the USA the world's strongest country?
@TomAu I would say that the power of an economy is best measured by GDP. To achieve a high GDP, it certainly helps to have a high GDP per capita. This is the reason why the US economy is roughly double the size of the Chinese. Holland is not a world economic power because it has too few people. Japan is, because it has both high GDP per capita and many people. I am not saying that a small land area causes wealth, I am saying that it does not affect wealth significantly. Japanese policies during the wars were obviously not sound, and should not be used as proof of anything.
Oct
30
comment Has the accounting services industry ever been disrupted in the U.S.?
@NewAlexandria Thank you for attempting to fix the question. Unfortunately, since we are now only getting examples from the accounting business, and not business services in general, I do not thing that I will get any answers that will help me in my case. I also do not believe that we will get any answers at all, since the service that this business delivers is a very traditional one.
Oct
30
comment Has the accounting services industry ever been disrupted in the U.S.?
@kubanczyk I have attempted to clarify the question now. I had not thought about markets getting disrupted by government intervention or similar. I was more thinking about disruptions happening "naturally" in a liberal market like the one I describe the last paragraph.
Sep
22
comment Were well-connected Germans able to park their sons in Norway during WWII?
I believe that Norway was initially invaded by merely 30000 soldiers, so I am curious to get the half a million troops confirmed.
Sep
1
comment Why is the USA the world's strongest country?
Land area and agriculture do not matter much when it comes to GDP per capita. Holland and Japan are examples of countries with small area per person, while also having a high GDP per capita.
Sep
1
comment Why is the USA the world's strongest country?
If one would consider the EU to be a country, it would have been the biggest economy in the world. en.wikipedia.org/wiki/Economy_of_the_European_Union
Jul
9
comment How much faster were the printing presses than hand writing?
I am missing the number of words per page to estimate exactly how much faster it was for each man-hour. I find it interesting to understand whether we are talking 10, 100 or 1000 times faster for the first presses.
Jul
3
comment What was the worst economic crisis of all times?
@joe Excellent question. I would measure it in terms of the amount of wealth lost.
Jul
2
comment What was the worst economic crisis of all times?
I understand that the question could be clearer, so please suggest how to clarify it.
May
28
comment Why did the United Kingdom industrialize first?
This should have been a comment and not an answer, as it does not answer the question.
Dec
16
comment WWI trench tactics using shields?
@Canageek That would certainly explain it, so you could provide it as an answer and see it holds.
Dec
9
comment What was the worst economic crisis of all times?
@DVK I would think that Zimbabwe would beat the great depression easily, but I do not know this.
Dec
6
comment What was the worst economic crisis of all times?
@kubanczyk Thank you for asking me to clarify, what I meant to say was that I am not interested in the economical crisis in Iraq that was caused by the invasion.
Dec
6
comment First evidence for replacement of barter trade by local abstract currency?
Please note that barter trade, was not as common as gift economies. From "Barter" on Wikipedia: "When barter did in fact occur, it was usually between either complete strangers or would-be enemies"
Dec
6
comment What was the worst economic crisis of all times?
Thank you for your answer. I have edited my question to make it, "at least a year" instead of something like a year. I wrote it to avoid answers referring to short-term crashes. One question, though, how do you know that the Great Depression was the biggest economic crisis?
Dec
3
comment Is there any evidence that the Catholic Church slowed innovation during the Middle Ages?
@LennartRegebro I have heard that myself, but one could argue that the great minds merely shifted their focus from theology to science and natural philosophy. Therefore, measuring innovation should arguably be a more neutral measure.
Dec
3
comment Is there any evidence that the Catholic Church slowed innovation during the Middle Ages?
@quant_dev I do not know how it can be measured. What I am sure of is that there will be no accurate measure (number of patents filed is not the solution), but there might be some inaccurate ways that gives a rough indication.
Nov
20
comment What historical situation is comparable to what Europe is currently facing?
Thank you for your long-shot answer even though you do not know whether it will be useful. I believe that the situation fits very well according to the criteria that I set.