An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
The 1918 Spanish Flu, the 1957-1958 Asian Flu and the 2001-2002 SARS pandemic give us a frame of reference.
The Conversation's 2020 economic survey points to a dismal year, with no progress on many of the key measures that matter for Australians and an increase in the unemployment rate.
GDP is well suited to many things, but not to measuring the impact of disasters.
Some households have shared disproportionately in the growing national wealth, but GNP fails to reflect the disparity in gains across economic groups.
Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn't ruling out action in the pre-Christmas budget update.
Societies have much to learn from the pursuit of happiness on an individual level.
A fairer, greener and more prosperous Australia is possible – so long as political leaders don't focus just on economic growth.
William Nordhaus' predictions of what the climate crisis will cost the earth are dangerously at odds with climate science.
In the aftermath of the election, what is striking about many of the policy positions of Canada's federal parties is their timidity, especially when it comes to climate change.
To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
More than good management and more than good luck, we've been blessed by delightfully fortunate timing.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
The Australian government's approach to economic growth is strictly conventional, and may be leading to the wrong policies.
Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
If breast milk was made in factories, we'd count it in the GDP.
Most of the gains from the record economy went to those at the top, while everyone else saw much smaller gains – if any – in income and wealth.
The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Happiness may well be a choice, but it is a difficult choice. And much that might make that choice a little easier depends on the choices of influential others.