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Gross domestic product

The World

New GDP Numbers: Improvement, Not A Christmas Miracle

Business, Economics and Jobs

The Commerce Department has revised numbers reflecting how much the economy grew last summer, moving the GDP up from 2.5 to 2.6 percent. Economists are hailing the change as good news, but not great news. Many had hoped that the growth would reach as high as 3 percent. Is this a cause to backtrack on […]

North Korea is a great place to ski, if you don’t mind the armed guards

Global Scan

U.N. summit focuses on how to improve global happiness

Health & Medicine

Pittsburgh One of Only Three U.S. Cities to Have Fully Recovered from the Recession

Knoxville One of Three American Cities “Fully Recovered” from Great Recession

The World

How Should We Judge our Economy?

Arts, Culture & Media

A small, but growing group thinkers say traditional economic measures don’t give an accurate picture of the true health of our economy. And their movement is gaining steam.

America the Possible

Presidential advisor and Vermont Law professor James Gustave Speth has a new book out titled, America the Possible: Manifesto for a New Economy. He explores ways to reinvent the American economy as one that values nature and quality of life over GDP.

Is Happiness More Important than GDP?

Today the United Nations will discuss happiness. Does happiness contribute to the well-being of the world? Tom Barefoot, co-coordinator of Gross National Happiness USA, believes that having a sound economy might be less important than having a country filled with happy people. How do we measure – or achieve – something so abstract?

March Madness Economics

There’s a lot of money to be made off March Madness. At $122 billion, the amount of spending the NCAA’s annual basketball tournament generates is equal to Iceland’s GDP. That total includes $614 million in TV advertising, $300 million in NCAA merchandise, and $185 million in corporate sponsorship. So why aren’t the athletes paid? Joe […]

Purchasing Power and the Big Mac Index

Business, Economics and Jobs

Economists study something called purchasing power parity. Basically, how far will a dollar go in Argentina, Italy, or the US? They gauge this by looking at a comparable basket of goods and services across nations.