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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.

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