The ability to afford aesthetic improvements at a mass level is itself a sign that the standard of living is rising—not merely that expectations have adjusted.

causalpending

Speaker

Russ Roberts

Evidence Quote

It's an increase in the standard of living and uh as I said earlier, in many cases the prices are not necessarily going up with the quality because of the pressures of competition.

Source

Virginia Postrel on Style 11/27/2006EconTalk
Created: 6/17/2026, 10:31:39 AM

My Notes

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