Written By: - Date published: 12:06 pm, July 5th, 2012 - 22 comments
If “two-income families are increasingly worse off than single-income families were a generation ago”, then something is seriously wrong with our definition of “progress”.
Written By: - Date published: 7:45 am, October 7th, 2009 - 31 comments
Back in 1934, when Gross Domestic Product was first being developed in the States, the economist in charge, Simon Kuznets, wrote “…the welfare of a nation [can] scarcely be inferred from a measure of national income…”. Right from the start, the economists were saying GDP was merely a measure of economic activity, not of the wealth […]