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Paul Ormerod
16 November 2010
5 comments

Economists have known for a long time that GDP is an imperfect measure of the overall well-being of a country. In fact, no-one has stated this more clearly than Simon Kuznets, the founding father of...
Philip Booth and Richard Wellings
1 March 2010
2 comments

On Friday the Office for National Statistics (ONS) released revised GDP figures for the last quarter of 2009. The BBC and other media outlets reported this as good news as Q4 growth was...
Steven Kates
18 November 2009
10 comments

There are at least three ways used to determine the success of an economy. We deal with something abstract called economic growth, we look at the most common measure we have for production which is...
Terry Arthur
12 October 2009
comments

One of the strangest things about this recession is surely the shameless neglect of unemployment figures by the politicos, anxious to tell us that the worst is over. (I am no Cameron fan but at...

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