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Articles on GDP

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A trader works on the floor of the New York Stock Exchange, as U.S. President Donald Trump speaks on the television shortly after the opening bell. REUTERS/Lucas Jackson

The US needs to get over its obsession with GDP

Economists, politicians and the media watch GDP closely. But it isn’t the best way to measure the health of the US economy.
Academics put Hammond in the spotlight. EPA-EFE/ANDY RAIN

Budget 2017: experts respond

Academics deliver their verdict on Philip Hammond.
Most Puerto Ricans are still in the dark, as is the mainland about the recent hurricanes’ economic impact. Reuteres/Alvin Baez

Why Puerto Rico ‘doesn’t count’ to the US government

Although Puerto Ricans are American citizens, what happens on the island tends to stay there, at least in terms of economic data.
Blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in 2010. The losses produced by polluting companies should cost as ‘negative’ for a country’s growth. Reuters/US Coast Guard/Files

Why capitalism wins. And how a simple accounting move can defeat it

A new accounting system that goes beyond the capitalist understanding of value is bubbling under and could topple capitalism itself.
U.S. President Donald Trump enjoys some time in the cab of a mover truck parked at the White House in March when truckers and industry CEOs came for a discussion on health care. (AP Photo/Andrew Harnik, File)

NAFTA talks see Trump in driver’s seat – and Canada at risk

Mexico has traditionally been NAFTA’s biggest loser. But Canada is at risk if the U.S. gets its way in removing a dispute settlement mechanism from the deal in the upcoming NAFTA renegotiations.
Our national wellbeing probably peaked with Australia’s population at roughly 15 million in the 1970s, when this photo was taken in Hunters Hill, Sydney. John Ward/flickr

Why a population of, say, 15 million makes sense for Australia

Australia’s GPI, a broad measure of national wellbeing, has stalled since 1974. So what has been the point of huge population and GDP growth since then if we and our environment are no better off?
Unemployment is compounded by the prospect of automation replacing humans in production chains. Reuters/Bobby Yip

How to create jobs in the age of robots and low growth

Rethinking work is crucial for industrialised and emerging economies, where job losses are being felt even in the presence of substantial, although diminishing, economic growth.

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