Six Surprising Facts About Our Prescription Drug Spending

Called a prescription escalator, our prescription drug spending is more about efficacy and age than the rising prices that we say we see.

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 the health of…

How Wealthy is Your Nation?

When someone asks about your wealth, don’t you consider more than your income? A new UN report explains where countries might do the same thing. The report suggests that we focus more on a country’s land and capital assets. By land,…

Looking back at 2011

After looking at these 18 charts, I thought, what you learn depends on whom you ask. Created by Washington Post journalist Ezra Klein, the slide show is from “some of his favorite economists” who were asked for “the graph that…

The GDP and Measuring Happiness

Ed Koch, when he was NYC