Tag Archives: Gross domestic product

Debt and delusion

Posted on July 26, 2011 by Michaela

By Robert J. Shiller Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk. Consider, for example, the debt-to-GDP ratio, much … Continue reading →

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Gross National Happiness

Posted on July 20, 2011 by Michaela

‘What is the meaning of life? To be happy and useful’ (Tenzin Gyatso, 14th Dalai Lama) By Derek Bok, In a time of tight budgets and financial crisis, politicians look to economic growth as the centrepiece of their domestic policy programmes. Gross … Continue reading →

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