Adding to the Prosperity Pool

by Don Boudreaux on April 21, 2008

in Standard of Living

One of my earliest posts at the Cafe — dated June 28, 2004 — is on what I call "the prosperity pool."

This article in today’s Wall Street Journal, about new technology on automobiles to help protect drivers from crashes, offers yet another example of the countless ways that our lives become materially more prosperous, almost on a daily basis, in small steps — steps so small that we seldom notice any one of them, but so large in number that they make us much wealthier than we realize.

Here’s the article’s sub-headline:

Systems Are Trickling Down From Luxury to Mainstream Vehicles

And here’s the article’s opening sentence:

Sophisticated technology that helps drivers avoid a crash is
accelerating its descent from the rarified reaches of super luxury cars.


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