Posts Tagged ‘consumer spending’

  • The Washing Machine Empowered Women.

    The GDP and Happiness

    Jun 9, 10 • 89 Views • Behavioral Economics, Economic History, Gender gap, Households, InnovationNo Comments

    Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some...

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    A Closer Look At Consumer Spending

    May 5, 10 • 163 Views • Households, Macroeconomic MeasurementNo Comments

    We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleading us. Yes, the consumer component of GDP is 70% of all...

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    Economic Facts About Dogs

    Apr 15, 10 • 113 Views • Businesses, Demand, Supply, and Markets, Households, InnovationNo Comments

    Have you ever thought about the connection between your dog and the economy? During an interview on NPR’s “Fresh Air”, Michael Schaffer, author of One Nation Under Dog, spoke about dogs’ lives. A lot of his stories...

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    Frugal Fatigue and Yuan Updates

    Apr 7, 10 • 120 Views • Businesses, Households, International Trade and Finance, Macroeconomic MeasurementNo Comments

    Re a March 21 post about frugal fatigue… For a fifth straight month, consumer spending is up, meaning perhaps that we are headed for a “V” recovery?   Data from the most recent Bureau of Labor Statistics (BLS)...

  • An Imbalance in the Marriage Market

    Jan 15, 10 • 96 Views • Thinking EconomicallyNo Comments

    Recent articles about skewed birth rates in China indicate 119 (and more) males are born for every 100 females. Discussing the imbalance, most commentary focused on marriage and how tough finding a wife will become....