Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...
For years, measuring economic welfare has been pretty straightforward. Classic economics obsess over a single value: gross domestic product. Luckily, economic paradigms are shifting, and experts are ...
Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a ...
Development workers constantly gnash their teeth over whether their work has any effect. But they’re faced with a fundamental problem: In undeveloped countries, accurate economic data can be ...
Our modern economy is stuck in the slow lane. In fact, it’s truly in the pits. Growth is slow to the point of being invisible, wages are for many lower than they were a decade ago, productivity ...
The Bureau of Economic Analysis released its third estimate of second-quarter GDP — a revised look at how much the economy grew between the beginning of April and the end of June. Today’s update did ...
Syria’s example illustrates the challenges of gathering good economic data during conflict. Two destroyed tanks in front of a mosque in Azaz, north of Aleppo. Photo taken in August 2012 by Christiaan ...
In Douglas Adams’s The Hitchhiker’s Guide to the Galaxy, Deep Thought informs Loonquawl that the meaning of life is 42. Loonquawl exclaims, “Is that all you've got to show for seven and a half million ...
A recent paper by Arvind Subramanian has once again racked up the issue of India’s GDP estimation methodology as well as the databases used. In his paper, first Arvind computes the correlations ...
The Covid-19 pandemic has shown us how vulnerable we are to deadly infectious diseases. How we got here has been decades in the making, with plenty of warning signs along the way, from SARS to MERS to ...