Posts Tagged ‘ economic growth ’

Quack Economists and the Fraud of GDP

Feb 24th, 2010 | By | Category: Featured, Macro Economics
Now... about that ‘recovery’... It’s true that there are some signs of “stabilization.” The unemployment rate is not getting badder as fast as it was a few months ago. And house prices seem to have stopped falling - for the moment. It’s also true that the economy managed to register positive ‘growth’ ...read more

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Posted in Featured, Macro Economics | 2 comments


Unlimited Economic Growth: What Is the Economy?

Feb 11th, 2009 | By | Category: Featured, Macro Economics
We routinely talk about "the economy" as if it were a self-evident concept. We say "the economy is growing" and "the economy is in bad shape," without really discussing what it is exactly that we're referring to. There are three measures we use more or less interchangeably when we discuss ...read more

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Posted in Featured, Macro Economics | 6 comments


India’s Biggest Problem

Dec 19th, 2007 | By | Category: Currencies, Macro Economics
“The father superior stops. Finally he reads: ‘Father Miguel…instructor of theology beginning Sept. 20, 1884, ordained in 1891, and…’ “The father lifts his face, and his serene eyes look straight at me. “‘He died on Oct. 22, 1896.’ “Silence. “‘No one lasts very long in this climate, sir.’” — Journey Toward the Cradle of Mankind ...read more

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Posted in Currencies, Macro Economics | No Comments »