Astral Codex Ten

Eric Rall

4 min read

Eric Rall

Article

Eric Rall is a recurring person in the Astral Codex Ten archive, appearing 2 times across 2 issues between July 01, 2021 and July 20, 2023. The archive places it in contexts such as “Eric Rall speculates: I also thought about the Enclosure movement and the Highland Clearances in Britain as counterexamples”; “Eric Rall writes”. It most often appears alongside Britain, Germany, Japan.

Metadata

  • Category: People
  • Mention count: 2
  • Issue count: 2
  • First seen: July 01, 2021
  • Last seen: July 20, 2023

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Highlights From The Comments On "How Asia Works"
July 01, 2021 · Original source
Nicholas Weininger brings up the counterexample of Britain, which had a kind of anti-land-reform - kick peasants out and give land to wealthy landlords - but then industrialized very successfully. Eric Rall speculates:
Inline links: brings up, speculates
Highlights From The Comments On British Economic Decline
July 20, 2023 · Original source
Source: World Bank. Britain is the thick blue line. …and it also shows UK growth being about average. So what’s going on? I asked about this in an Open Thread. Here were some of your responses. Eric Rall writes: There are two different ways of calculating real GDP per capita in an international context, both of which involve converting local currency to dollars and then inflation-adjusting the dollars based on the US's GDP deflator. One uses market exchange rates, while the other uses "Purchasing Power Parity", attempting to optimize the GDP figure as a proxy for standard-of-living by using local prices for equivalent goods and services as the currency conversion factor. For Brexit-related and COVID-related reasons, the relationship between PPP and market exchange rates for Britain have been highly unstable in the period in question: exchange rates have been very volatile (ranging from US$1.08 to US$1.40 per £1.00), and tariffs and COVID disruption have both radically changed the availability and prices of imported goods. Looking at either the PPP or market exchange rate numbers, everyone took a big hit in 2020, while Britain appears to have taken a deeper hit than France and the overall OECD average (the two control groups I picked off the top of my head). The big difference is that in market exchange rate terms, the recovery looks proportionate to the decline (i.e. Britain fell more, but also recovered proportionately faster so as to bounce back to approximately 2019 levels in 2022 the same as France and OECD): (source) But in PPP terms, the UK has recovered at the same rate as France and OECD and thus appears to have permanently (so far) lost ground in standard of living relative to other countries. UK was also growing more slowly in PPP terms between 2015 and 2019 than France, but about the same as the OECD average: (source) Putting some numbers on the second graph: Just before COVID, Britain had 106% the average OECD GDP
Inline links: World Bank, asked about this in an Open Thread, writes, https://substackcdn.com/image/fetch/$s_!ctPl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F168f87c7-e9e0-45f8-901c-dd418f541b57_800x617.png, source, https://substackcdn.com/image/fetch/$s_!AqdU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faae66a91-fc33-43e0-90b9-2ec1a41d5dc8_790x627.png, source