To truly grasp the size and growth of the pharmaceutical market, we need to dig deep into sales revenue amounts and changes over time and projections based on years of past market data, as well as the major growth factors and challenges facing the industry today.
A look at the demographics of the supplement industry provides insight on who uses the most supplements and why — and raises questions about what's keeping certain populations from using supplements to the same extent.
Anand Giridharadas, Winners Take All: The Elite Charade of Changing the World. New York: Knopf, 2018. xvi + 288 pages. $26.95. Overview This book is an engaging, ground-level, journalistic report about a world hidden in plain sight. The author calls it “MarketWorld.” What is MarketWorld? MarketWorld is hydra-headed monster consisting of a physical space, a […]
Marian L. Tupy and Gale L. Pooley, Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet, with Foreword by George Gilder. Washington, DC: Cato Institute, 2022; xvii + 547 pages; $34.95. The central thesis of Superabundance is very simple: Malthus was wrong! What does this mean? Thomas Malthus (1766–1834) […]
Merit has become a dirty word. Almost as bad as privilege. It has come to mean an unfair advantage that threatens to overturn diversity, equity, and inclusion. To reward someone for merit means not rewarding someone for failing to exhibit merit. Merit, by its very nature, is not easily won, regardless of what the rules […]
Professional sports stars have seen tremendous earnings growth over the past several decades. Where professional major-league athletes once had to work off-season jobs just to make ends meet, their per-season salaries and bonuses now amount to many times what the average American family can expect to earn over the course of a lifetime. Sports salary […]
We all reflect the times in which we live—even the most influential and powerful among us. It is just that most lives whisper in 8-point type, in keeping with a modest place in the scheme of things, while the makers of history shout in 72-point size. For this reason, the study of “parallel lives” from […]
Which professional sport offers the most lucrative contracts to top contenders? If the first names that come to mind are Super Bowl-winning quarterbacks, baseball players with unbeatable batting accuracy, or top-scoring basketball stars, you’re in for a surprise. In fact, we’re talking about soccer, the sport that is known in most of the world as […]
Even in the professional sport’s early years, star players could earn salaries that tripled what the average American worker earned. As earning potential picked up among professional hockey stars over the next century, the best-paid players in the National Hockey League (NHL) were earning hundreds of times what the average American family made in a […]
Not all that long ago, the massive contracts awarded to today’s top NFL players would have been unthinkable. When pro football was in its infancy, salaries weren’t lucrative. The very first athlete to earn money for playing a game of football made just $500. For decades, professional football players routinely worked “regular” jobs in the […]
When professional basketball in the United States was in its infancy, star players made about 2.5 times what the average family made in a year. Today, the highest-paid players in the National Basketball Association earn more than 600 times the median family’s income for the year. In basketball, as in other sports, the salaries of […]
While we recognize the importance of saving, far too many Americans either don’t prioritize saving or simply lack the financial flexibility to create and keep a sufficient savings strategy. Read on for a look at the reasons that so many Americans struggle to save.
After a long and dreary winter, baseball season is finally underway—just in time for the news that inflation has hit a 40-year high. The salaries of our favorite baseball players are subject to their own sort of inflation. This particular inflation rate towers over the Consumer Price Index (CPI) typically used to quantify inflation. [To […]
The phrase “knowledge economy” has gained increasing currency in recent years, but what exactly is the knowledge economy? And where did this concept come from? In the simplest terms, the knowledge economy refers to a modern system of economics in which intellectual capital and intellectual property form a central component of both the labor and production markets. Read on to learn more about the knowledge economy, and how you can be a part of it.