Posts Tagged ‘GDP’

  • GDP...16843_5.2_9209625-gdp

    Unemployment and Economic Growth

    Oct 30, 12 • 408 Views • No Comments

    If anyone ever asks you why economic growth is important, I suggest showing them the following graph from the Washington Post. The goal of the graph is to show how our economy’s actual output, its potential output and unemployment are connected. During...  [read more]

  • How much should cities plan for the storm of the century?

    Storm Warnings

    Oct 28, 12 • 294 Views • No Comments

    Some thoughts today about predicting natural disasters. Weeks before 308 people perished in L’Aquila from an earthquake, a government commission proclaimed the chance was slim that a disaster would occur. It did happen and now, the 6 scientists and...  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 675 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single...  [read more]

  • Human capital helps GDP Grow

    The Supreme Court, Starbucks and Human Capital

    Oct 12, 12 • 295 Views • No Comments

    Saying affirmative action was the reason she was rejected from the University of Texas, Abigail Fisher sued. The University responded that it was okay for race to be a part of their admissions process. And Starbucks, Wal-Mart and 55 other prominent US...  [read more]

  • Self-interest represents the seeds that blossom into economic growth.

    Job Creators or Robber Barons?

    Oct 3, 12 • 411 Views • 2 Comments

    I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally. On the...  [read more]