Tall and Short Populations

Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. Deaton explains that a population could be short …

A GDP Omission

What to include in the GDP? When Nobel Laureate Simon Kuznets developed the concept of the GDP during the 1930s, he had to decide which goods and services would count. He knew the GDP had to measure t…

GDP: The Brooklyn Bridge

The story of the Brooklyn Bridge is really about cheap steel. Used to iron that tended to be brittle, 19th century bridge builders had little experience with steel. And yet, the dimensions of the Broo…

GDP: Family Matters

Recently, a woman who had emigrated to the US told me that speaking English was prohibited in her NYC home. She allowed only Spanish. “Why,” I asked? Proudly she said, “The importanc…

©2016 econlife. All rights reserved.