Price rises have been a real cause for economic concern in recent years. We take a look at how to calculate the rate of inflation. A journalist, soccer fanatic and Shrewsbury Town fan, Will’s love for ...
The Pokémon Go craze has been described as an example of how ‘current estimates of GDP, productivity and living standards could be understating the truth.’ (Cole Burston/CP) In economics, as in life, ...
All the hand-wringing this week over whether or not the U.S. economy has fallen into recession lacked an important consideration: What if the measure of GDP we're all focused on is itself massively ...
This article was originally published at Maclean’s. In economics, as in life, the simplest questions are often the most difficult to answer. Dirk Philipsen, an ethicist who teaches a history of ...
IN a May 12 Nassau Guardian article, several quotes about the economic impact of Junkanoo Carnival in The Bahamas are attributed to Paul Major. This overall economic impact is to be measured by what ...
Maybe the glass is half full. No, check that: Maybe it's actually three-quarters full, and we've been measuring it wrong for years. That is the argument of some thinkers who think we habitually ...
We've a problem with how we measure the economy. GDP -- that is gross domestic product -- can be problematic. We use it because it's about the best number that we can calculate in something close to ...