U.S. vs. Europe
By Arnold Kling
Steve Antler points to a study by Fredrik Bergström & Robert Gidehag of various indicators of prosperity in the U.S. relative to countries of the European Union.
Most Americans have a standard of living which the majority of Europeans will never come any where near. The really prosperous American regions have nearly twice the affluence of Europe. It is worth reminding ourselves what this means. In these regions the average American can get exactly twice as much of everything as the average European. Which goes to show the importance of an economic policy to stimulate growth.
The study has a number of interesting factual and statistical comparisons, for those of us who enjoy such things.
UPDATE: Tyler Cowen has an answer to my discussion question, plus more information, in a post that also links to the Bergström-Gidehag paper.
See also Anthony de Jasay.
For Discussion. It is argued that Europeans consume more leisure than Americans. Which do you think is more voluntary–our working more hours or Europeans working fewer hours?