Posts Tagged ‘Simon Kuznets’

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    How Are We Spending Our Money?

    Aug 11, 10 • 93 Views • Businesses, Demand, Supply, and Markets, Economic Thinkers, Households, Macroeconomic MeasurementNo Comments

    Has the recession changed how we spend? Here are the numbers that give some answers according to a summary from Michael Mandel, former BusinessWeek chief economist.: Since the 4th quarter of 2007, we have spent more on: 1) telephone equipment/up by 16.6% 2)...

  • Challenging the GDP

    Sep 27, 09 • 108 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...