For years, measuring economic welfare has been pretty straightforward. Classic economics obsess over a single value: gross domestic product. Luckily, economic paradigms are shifting, and experts are ...

In simple terms, GDP is a measure of the size of a country’s economy: how much is produced, how much is earned, and how much is spent on goods and services across the nation. The monetary total, ...

The media and defence commentariat should stop obsessing about a pointless GDP percentage and instead focus on our real defence needs and how to meet them.

“Measurement theory shows that strong assumptions are required for certain statistics to provide meaningful information about reality. Measurement theory encourages people to think about the meaning ...

If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for ...

It’s easy for entrepreneurs, managers and investors to get lost in the crushing volume of data and surveys purporting to show how the economy is doing, and where it might be headed. Though many ...

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 ...

What exactly is GDP measuring. It surely is not measuring the state of the population as personal income growth continues to become a smaller share of overall USA spending,. And when one looks at ...

China's financial pressures and GDP growth result from capital misallocation. Large amounts of capital in China are being destroyed or underutilized. Large capital losses are placing pressures on ...

French president Nicolas Sarkozy drew heat last month when he suggested that countries should factor happiness into their statistics for growth. After all, Sarkozy campaigned on promises of wealth ...

One year ago this week, Hurricane Sandy ravaged much of the eastern seaboard, leaving tens of thousands of families homeless and nearly as many businesses shuttered. Yet, by many estimates, the ...