Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...
Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...
But it’s far from perfect. GDP is a poor measure of welfare. It tallies up all the goods and services produced in an economy—putting equal value on $100 whether it’s spent on concert tickets or ...
Radhika Balakrishnan is a volunteer for the Democratic Party in the US because of the upcoming elections. Economics and economic policy need a rethink. This is clear from the scale of inequality, ...