Again on Measuring GDP (a.k.a., “The Economy”)

When most people refer to "the economy", they are generally referring to either: 1. the job market (this happens usually when someone's looking for work), or 2. (the more common usage) that bundle of economic activity that we measure using GDP. Unfortunately, our obsession with "the economy" has misled us into thinking that anything that … Continue reading Again on Measuring GDP (a.k.a., “The Economy”)