The biological standard of living and the 'Antebellum Puzzle'

An apparent contradiction: Stunting in a booming economy?

Business & Finance, Economics, Microeconomics
Cover of the book The biological standard of living and the 'Antebellum Puzzle' by Susanne Schalch, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Susanne Schalch ISBN: 9783640168903
Publisher: GRIN Publishing Publication: September 18, 2008
Imprint: GRIN Publishing Language: English
Author: Susanne Schalch
ISBN: 9783640168903
Publisher: GRIN Publishing
Publication: September 18, 2008
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2007 in the subject Economics - Micro-economics, grade: 1,7, LMU Munich (VWL Lehrstuhl), course: Strategic Factors in the Economic Development of the United States, 8 entries in the bibliography, language: English, abstract: Imagine someone came up to you and asked you: 'name three aspects that in your opinion are of great significance to a high standard of living', what would you say? What determines your perspective towards the standard of living? Do you give priority to income and wealth? To personal freedom? Or to health? With regard to our today's society, where most products are being invented in order to make our lives more comfortable, it is interesting how the standard of living can be measured best. The most widely adopted measurement of the material standard of living is GDP per capita adjusted for changes in the price level, called inflation or deflation. Usually, one might guess that through a higher GDP per capita, the income and the personal wealth rises and therefore the standard of living also increases. This nevertheless does not reflect the distribution of income, or the environment that affects health and safety. Moreover, crime, pollution, and congestion - which are for many people negatively correlated with their quality of life - are neither considered. GDP per capita therefore just measures the material standard of living, but a lot of other factors are being ignored. That is the reason why the biological rather than the material standard of living should be contemplated in terms of 'measuring' the quality of life. A second possibility to measure the standard of living is the HDI (Human Development Index). It consists of 1/3 GDP per capita, 1/3 life expectancy index, plus 1/3 education index. Here, the standard of living does not solely depend on material assets, but also on life expectancy which contains health and the environment and education. However, important factors for the wellbeing like the political system in the country or human rights are missing. For the first time in the 1970s, height was used as a measurement for the standard of living. At first this might seem strange, because one thinks that height depends above all on genes. This is certainly right, but we are not taking a look at the height of individuals but of whole populations.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2007 in the subject Economics - Micro-economics, grade: 1,7, LMU Munich (VWL Lehrstuhl), course: Strategic Factors in the Economic Development of the United States, 8 entries in the bibliography, language: English, abstract: Imagine someone came up to you and asked you: 'name three aspects that in your opinion are of great significance to a high standard of living', what would you say? What determines your perspective towards the standard of living? Do you give priority to income and wealth? To personal freedom? Or to health? With regard to our today's society, where most products are being invented in order to make our lives more comfortable, it is interesting how the standard of living can be measured best. The most widely adopted measurement of the material standard of living is GDP per capita adjusted for changes in the price level, called inflation or deflation. Usually, one might guess that through a higher GDP per capita, the income and the personal wealth rises and therefore the standard of living also increases. This nevertheless does not reflect the distribution of income, or the environment that affects health and safety. Moreover, crime, pollution, and congestion - which are for many people negatively correlated with their quality of life - are neither considered. GDP per capita therefore just measures the material standard of living, but a lot of other factors are being ignored. That is the reason why the biological rather than the material standard of living should be contemplated in terms of 'measuring' the quality of life. A second possibility to measure the standard of living is the HDI (Human Development Index). It consists of 1/3 GDP per capita, 1/3 life expectancy index, plus 1/3 education index. Here, the standard of living does not solely depend on material assets, but also on life expectancy which contains health and the environment and education. However, important factors for the wellbeing like the political system in the country or human rights are missing. For the first time in the 1970s, height was used as a measurement for the standard of living. At first this might seem strange, because one thinks that height depends above all on genes. This is certainly right, but we are not taking a look at the height of individuals but of whole populations.

More books from GRIN Publishing

Cover of the book The problem of Du and Sie in the German Language. An approach. by Susanne Schalch
Cover of the book Homosexuality as an issue of religion and politics in the USA by Susanne Schalch
Cover of the book 'You, who disturb my sleep...' - The figure of the mummy in 19th and 20th century American Literature by Susanne Schalch
Cover of the book Regional variation in British English - Focus on Scotland by Susanne Schalch
Cover of the book Multi-ethnicity and Development by Susanne Schalch
Cover of the book Groceries market Australia by Susanne Schalch
Cover of the book Is the idea of a Jewish State anachronistic, based on 19th century ideology, and incompatible with 21st century values? by Susanne Schalch
Cover of the book Victorian Psychology and Madness in 'Lady Audley's Secret' by Susanne Schalch
Cover of the book Religion in Diaspora - The Functions of Hindu Congregationalism in the United States of America by Susanne Schalch
Cover of the book Punks in Great Britain by Susanne Schalch
Cover of the book Second language acquisition and the role of universal grammar by Susanne Schalch
Cover of the book Les 'lettres théologiques' de Dietrich Bonhoeffer by Susanne Schalch
Cover of the book Bulls and Bears - The Rise and Fall of the Stock Markets at the Turn of the 21st Century by Susanne Schalch
Cover of the book Kommunikationsunterschiede in Ost- und Westdeutschland by Susanne Schalch
Cover of the book What makes Berlin a so-called 'world' city? by Susanne Schalch
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy