beyond gdp

There are two market ways to reduce C02 emissions (the other options, like “command and control” would involve more overt government intervention). The first is cap and trade. The U.S. tried, and failed to pass a cap and trade bill in 2009 (Waxman-Markey). In a cap and trade system, the government...
01/23/2014
Blog
In the New York Times, a former Wall Street banker begins a deep and emotional piece on wealth addiction with the following confession: In my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts...
01/22/2014
Blog
Eugenio Proto and Aldo Rustichini have written a new column for VOX in which they argue that once GDP per capita reaches a certain level, it actually begins to correlate with lower life satisfaction. Of course, this result shouldn’t be too surprising; GDP is a measure of economic production, and...
01/16/2014
Blog
The 2007 economic crisis and the lingering stagnation it wrought has led economists, philosophers and policymakers to a profound rethinking of how we measure economic performance and social progress. As Joseph E. Stiglitz, Amartya Sen and Jean-Paul Fitoussi write in the forward to their book,...
11/20/2013
Blog
The third quarter GDP numbers were released this morning, which show a GDP increase of 2.8 percent, an increase from the 2.5 percent reported for the second quarter. Among other factors, increases in personal consumption and state and local government spending helped contribute to the increase in...
11/07/2013
Blog
NEW YORK -- At a gathering of state leaders in Baltimore, Maryland, last week, Maryland Governor Martin O’Malley made a strong case in support of the growing movement to rethink and re-orient how we measure economic performance and social progress, which he argues is a crucial step forward in...
06/19/2013
Press Release
When you think about the problems with GDP, it’s likely you don’t think about Lady Gaga. But, in fact, how her work is captured and valued by national economic indicators is relevant to the beyond GDP conversation. We’ve written continuously about how GDP is not a complete measure of our economic...
06/03/2013
Blog
Contrary to most analysts’ predictions GDP actually declined last quarter by 0.1 percent, according to the BLS estimates. A decline in GDP generally indicates a contraction in the economy, but is that what’s really going on? One of the main reasons GDP declined was a 22 percent decrease...
01/30/2013
Blog
Tomorrow’s fourth quarter GDP release will likely show a growth rate of around 1.1. percent, a substantial slowdown from the third quarter rate of 3.1 percent. Economists will report that this means the economic growth is slowing. Yet, as we ask continually, what is actually being measured by GDP?...
01/29/2013
Blog
Last year, in the midst of the holiday season, I pointed out that 90 percent of households have at least one unused item lying around and 70 percent have unused electronic items. It makes more fiscal and environmental sense to just not buy something, rather than buy it and not use it. Beyond that,...
12/20/2012
Blog
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