Tag: Economics

Many Big Firms Do Vile Things for Profit. But Some are Paving the Way for Change.
5 min read, Perspective, TSJf

Many Big Firms Do Vile Things for Profit. But Some are Paving the Way for Change.

In 1973, British economist Ernst Schumacher published a book that changed the way we think about business. Titled ‘Small is beautiful’, he challenged the notion that “bigger is always better”.  Schumacher argued that the smaller the scale of operation of a business, the more likely its activity will be sustainable. Today, his work is used…

We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.
A Closer Look, Economy, Uncategorized

We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.

Whenever politicians promise to deliver ‘growth’, they are often exclusively referring to Gross Domestic Product (GDP).  But economies are complex – they are made up of individuals and institutions each with their own interests. Can this one indicator accurately reflect all that complexity? The concept of GDP emerged from the 1930s Great Depression. Influenced by…

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