Angry Bear explains how mistaken thinking in the US business community from 1960's onward set the stage for the loss of world-wide economic and technology leadership in many industries. A fable: The Guitar Player who sold his gear or, Bruce Henderson vs. Gordon Moore ~ Angry Bear. I spent much of my career from the … Continue reading Angry Bear explains how US businesses failed in the late 20th century
Day: September 14, 2009
We need a better measure than GDP
Nobel winner Joseph Stiglitz explains why GDP is NOT a good measure of society's well-being and offers ideas on better measures. It's a good critique of GDP. National income statistics such as GDP and gross national product were originally intended as a measure of market economic activity, including the public sector. But they have increasingly … Continue reading We need a better measure than GDP
“Why capitalism fails” – The Minsky Moment
The Boston Globe notes that not all economists failed to see the crisis. Some are now rediscovering (or discovering for first time) Hyman Minsky and his post-Keynesian writings. via Why capitalism fails - The Boston Globe.
EconProph 