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
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
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.