Posts Tagged ‘GDP’

  • The GDP and Measuring Happiness

    Dec 30, 09 • 88 Views • Thinking EconomicallyNo Comments

    Ed Koch, when he was ...

  • Measuring Happiness

    Dec 29, 09 • 119 Views • Thinking EconomicallyNo Comments

    On September 27, I questioned whether anyone could develop a better measure of well-being than the GDP even when Dr. Stiglitz’s commission suggested the possibility. Perhaps confirming the challenge, several lists of state happiness levels were recently...

  • A Stimulating Idea From China

    Dec 17, 09 • 110 Views • Thinking EconomicallyNo Comments

    The place is Inner Mongolia. The city is Ordos. Actually, within 18 miles, there are two Ordos. One looks like a normal city. Built with stimulus money, the second Ordos looks complete except for one detail; there are no people. The apartments are empty, the...

  • Challenging the GDP

    Sep 27, 09 • 107 Views • Thinking EconomicallyNo Comments

    Articles describing Dr. Stiglitz’s conclusions about the weaknesses of the GDP omit one key piece of information. Can an equally objective statistic replace it? When Simon Kuznets developed the GDP concept during the 1930s, he selected quantifiable...