Posts Tagged ‘GDP’

  • Vacuum cleaner.

    Home Economics

    May 29, 12 • 237 Views • No Comments

    What if we think of a household as a production unit that does child care, gardening, cooking and cleaning? And, if the work in the home is “outsourced” when people hire a nanny, a housekeeper, a gardener or do take-out for dinner, then the GDP reflects...  [read more]

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    Panamá’s Economic Puzzle

    Apr 17, 12 • 222 Views • No Comments

    By Mira Korber, guest blogger. Just two days ago I bought a plane ticket to Panamá City International Airport in Tocumen. I will be participating in a classical music festival there, somewhat ironically studying music from centuries past as brand-new...  [read more]

  • An Upward Dow Helps an Incumbent President

    Unusual Economic Indicators

    Mar 18, 12 • 309 Views • No Comments

    If you see women in long skirts at “sit-down” restaurants, then the economy is probably expanding. Since 1926 when the hemline index was first expressed, economists have assumed that hemlines fall if the economy contracts and rise during...  [read more]

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    Winning the Olympics

    Mar 15, 12 • 225 Views • No Comments

    How to predict Olympic medal winners? Economics. It takes money to train a world class athlete. The most economically fit countries can afford to train their athletes. Also, the “host bounce” helps. In the past, host countries have enjoyed a 3...  [read more]

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    Employment’s Bottomless Pit

    Mar 13, 12 • 287 Views • No Comments

    By Mira Korber, guest blogger. The U.S. economy added 227,000 jobs in February. That’s more than the 210,000 jobs economists forecast for the month, though the current unemployment rate is still high: 8.3%. (For a different take on the issue, read...  [read more]