Gross Domestic Problem
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| Author | : Doctor Lorenzo Fioramonti |
| Publisher | : Zed Books Ltd. |
| Total Pages | : 187 |
| Release | : 2013-01-17 |
| Genre | : Business & Economics |
| ISBN | : 1780322755 |
Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.
| Author | : Doctor Lorenzo Fioramonti |
| Publisher | : Zed Books |
| Total Pages | : 0 |
| Release | : 2013-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781780322728 |
Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.
| Author | : Dirk Philipsen |
| Publisher | : Princeton University Press |
| Total Pages | : 410 |
| Release | : 2015-05-26 |
| Genre | : Business & Economics |
| ISBN | : 0691166528 |
A professor of economic history discusses why he believes the Gross Domestic Product, a measure of output, should not be the sole indicator of economic performance and outlines a way to develop smarter measurements and goals.
| Author | : Diane Coyle |
| Publisher | : Princeton University Press |
| Total Pages | : 181 |
| Release | : 2015-09-22 |
| Genre | : Business & Economics |
| ISBN | : 1400873630 |
How GDP came to rule our lives—and why it needs to change Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.
| Author | : Fouad Sabry |
| Publisher | : One Billion Knowledgeable |
| Total Pages | : 251 |
| Release | : 2024-01-14 |
| Genre | : Business & Economics |
| ISBN | : |
What is Gross Domestic Product The term "gross domestic product" (GDP) refers to a monetary measurement that is used to determine the market worth of all of the final products and services that are produced by a country or countries within a certain time period. When attempting to evaluate the state of the economy of a particular nation, the government of that nation most frequently use the Gross Domestic Product (GDP). The fact that this measurement is both subjective and complicated means that it is frequently susceptible to revision before it can be regarded a trustworthy indication. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Gross domestic product Chapter 2: Economy of Denmark Chapter 3: Measures of national income and output Chapter 4: Purchasing power parity Chapter 5: GDP deflator Chapter 6: Bureau of Economic Analysis Chapter 7: Potential output Chapter 8: Genuine progress indicator Chapter 9: National Income and Product Accounts Chapter 10: Index of Sustainable Economic Welfare Chapter 11: Government spending Chapter 12: Gross national income Chapter 13: National accounts Chapter 14: Gross fixed capital formation Chapter 15: Intermediate consumption Chapter 16: Gross output Chapter 17: Net output Chapter 18: Gross value added Chapter 19: Income in India Chapter 20: United Kingdom National Accounts - The Blue Book Chapter 21: Economic statistics of Singapore (II) Answering the public top questions about gross domestic product. (III) Real world examples for the usage of gross domestic product in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of gross domestic product.
| Author | : David Pilling |
| Publisher | : Tim Duggan Books |
| Total Pages | : 304 |
| Release | : 2018-01-30 |
| Genre | : Business & Economics |
| ISBN | : 052557252X |
A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.
| Author | : The Bush Institute |
| Publisher | : Crown Currency |
| Total Pages | : 370 |
| Release | : 2012-07-17 |
| Genre | : Business & Economics |
| ISBN | : 0307986152 |
Foreword by President George W. Bush With contributions from world renowned economists and Nobel prizewinners, The 4% Solution is a blueprint for restoring America’s economic health The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy. The 4% Solution offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints, The 4% Solution defines the policies that will allow Americans to save, invest, and create the jobs that the United States needs. The 4% Solution draws on the best minds in the business, including five Nobel laureates: · Robert E. Lucas, Jr., on the history and future of economic growth · Gary S. Becker on why we need immigrants in order to grow · Edward Prescott on the cost (to growth) of the welfare state · Vernon Smith on why housing leads us into and out of recessions · Myron Scholes on why we need to innovate in order to grow the economy
| Author | : Lorenzo Fioramonti |
| Publisher | : John Wiley & Sons |
| Total Pages | : 240 |
| Release | : 2017-06-30 |
| Genre | : Political Science |
| ISBN | : 1509529241 |
GDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth. In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.
| Author | : Corona Brezina |
| Publisher | : The Rosen Publishing Group, Inc |
| Total Pages | : 82 |
| Release | : 2011-12-15 |
| Genre | : Juvenile Nonfiction |
| ISBN | : 1448873010 |
If an economist were asked to sum up a nations entire economy in a single statistic, he or she would probably cite the Gross Domestic Product (GDP). Another important measure is the Gross National Product (GNP), which differs from the GDP in a number of ways. Together the GDP and GNP are perhaps the most important of all economic indicators, and for this reason it is essential that students understand what they are, how they are calculated, and what real-world economic realities they reflect and predict. Understanding the GDP and GNP is crucial to understanding the current economy and its effects on teens, their families, and their towns. This book provides an invaluable key to that understanding.
| Author | : Gene Sperling |
| Publisher | : Penguin |
| Total Pages | : 385 |
| Release | : 2021-10-12 |
| Genre | : Political Science |
| ISBN | : 1984879898 |
“Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
