The “human trend” represents a positive upward slope in key standard of living indicators like population, longevity, food, power, technology, and overall quality of life over the long-term perspective of human history.
Capital serves as the primary driver of the human trend, enabling humans to create innovations on Earth, bolstered by property rights, savings, and capital accumulation.
Austrian economists concentrate on marginal choices, trend deviations, and forecast changes, rather than ignoring or fixating on trends, which forms the core focus of the “Minor Issues” podcast.
The trend of economic growth, a function of human choices to save and invest, remains relatively stable over time and is a crucial indicator of the human trend.
The “Minor Issues” podcast examines current deviations from the human trend process, which is driven by capitalism – a system where cooperating individuals transform savings and ideas into capital through banks and financial instruments.
