A detailed look at how housing spending boosts the GDP reveals every floor of the expense and its significance.
Whether measuring the height of a mountain or the size of the GDP, we need a similar kind of statistical consistency.
How to decide if adding $4 trillion (or so) to the U.S. debt is too much, too little, or just right? We can start with ourselves and ask if $200,000 is a lot to borrow when you buy a home.…
In Beijing, unpaid housework just got a price. Because of their new Civil Code, a Chinese judge decided that a divorce settlement had to include compensation for the former wife. He said that in addition to monthly alimony, she was…
Through more than 10,000 happy and sad words in tweets, the Computational Story Lab hedonometer has been measuring happiness everyday.
Characterized by an upswing or a plunge, the economies that George Bush, Barack Obama, and Donald Trump inherited were different.
Because the people in red and blue states prefer the same Halloween candy, we have one holiday that unites us.
Knowing that we “treasure what we measure,” understanding the GDP and a shrinking economy is even more important during a pandemic.
Because of the huge and sometimes inconsistent impact of Covid-19 on the economy, potentially misleading GDP numbers will need a closer look.