Tag: Monetary Economics

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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