Tag Archives | Gross Domestic Product (GDP)

The two phenomena, a reduction in real wages and a reduction in employment opportunities, in fact go together.

JOHN Stuart Mill was among the foremost liberal thinkers of modern times who wrote extensively on economics and philosophy.

It’s not some question of being realistic yet effective over being compassionate but economically incompetent: there is absolutely no material basis to continue to measure societies by their GDP, explains BERT SCHOUWENBURG

For months the mainstream media and Washington Pols have been pushing the metaphor that the U.S. economy is a plane on its final approach to a ‘soft landing’. Soft landing is defined as inflation steadily coming down to the Federal Reserve’s goal of a 2% price level AND does so without provoking a recession.