Category Archives: GDP


from Café Hayek, November 25, 2013, Don Boudreaux letter to the New Yorker… James Surowiecki correctly argues that GDP – a statistic based on the premise that “the more stuff we’re producing for sale, the better off we are” – underestimates today’s … Continue reading

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Kevin D. Williamson: A Lesson on GDP and Bad Economics

From National Review Online, March 28, 2013, “The Worst Economics Writer,” and guess what–it’s not Paul Krugman or Robert Reich! This article contains a good discussion about some of the vagaries of GDP as a measure of economic health. It … Continue reading

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