Beschreibung The Growth Delusion: Why Economists Are Getting It Wrong and What We Can Do About It. A revelatory and entertaining book about the pitfalls of how we measure our economy and how to correct them, by an award-winning editor of The Financial Times. According to GDP, the economy is in a golden era: economic growth has risen steadily over the past 70 years and shows no sign of stopping. But if this is the case, why are we living in such fractured times, with global populism on the rise and wealth inequality as stark as ever? In this book, author and prize-winning journalist David Pilling demystifies gross domestic product, a tool that measures the goods and services a country produces in a set period. Revered by economists, GDP is considered evidence of a country's success and well-being. Yet GDP is actually, at best, a numbers game, unequipped to deal with the nuances of the digital economy and developing nations. It also lacks moral judgment: such is the drive for growth that heroin consumption is valued more than volunteer work. By fixating on GDP, experts are ignoring alternative models that better reflect reality and ushering in policies that could even harm us. In characteristically clear and lively prose, Pilling draws on a quarter century of reporting to argue that our steadfast loyalty to GDP is informing misguided policies - and contributing to a growing mistrust of experts that is shaking the foundations of our democracy. We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, sets the framework for public debate. Ultimately, it is economists who set the agenda for how much we can spend on our schools, highways, and defence; who decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the economists and their faulty representation of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long economics has relied on a language which fails to resonate with people's lived experience, and we are now living with the consequences.
The Growth Delusion: The Wealth and Well-Being of Nations ~ Each election we get silly comments, usually from the right, that try to con us into thinking national economics are exactly like household economics. Nothing could be further from the truth. The second myth is that economics itself is a science. It is nothing of the sort and this book goes into the failings of GDP which was invented about 70 years ago in an attempt to understand how one .
The Growth Delusion eBook by David Pilling - 9780525572527 ~ We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decidehow much unemployment is acceptable and whether it is right to print money or bail out profligate banks.
: The Growth Delusion: Wealth, Poverty, and the ~ You can tell from the word "delusion" that the book is a critique, but DP's target is GDP, not economic growth: "The aim of this book is not to declare war on growth. Some will fault it for that. Rather, it is to show what is wrong with our measurement of growth in the hope that we can knock it from pedestal" (@US11-12/UK13-14). At this point in the text, it's a little ambiguous as to what the .
The Growth Delusion Wealth, Poverty, and the Well-Being of ~ We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, sets the framework for public debate. Ultimately, it is economists who set the agenda for how much we can spend on our schools, highways, and defence; who decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are .
The Growth Delusion: The Wealth and Well-Being of Nations ~ The Growth Delusion explores how we prioritise growth maximisation without stopping to think about the costs. So much of what is important to our well-being, from safe streets to sound minds, lies outside the purview of statistics. In a book that is both thought-provoking and entertaining, David Pilling argues that our steadfast loyalty to growth is informing misguided policies, and proposes .
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BBC Radio - The World of Business - Downloads ~ Podcast downloads for The World of Business. Insights into the business world - featuring content from BBC Radio 4's In Business programme, and also Global Business from the BBC World Service.
The Minimum Wage Delusion, And The Death Of Common Sense ~ Why do those beliefs persist in the face of common economic sense? No legislator has ever overturned the law of demand, which says that when the price of labor rises, the quantity demanded will .
Our coverage of the coronavirus / The Economist ~ At The Economist, we are analysing every aspect of the pandemic—from the science to its political, economic and social consequences—with rigour and a global perspective.
What is Economics - American Economic Association ~ Why do we ignore information that could help us make better decisions? What causes recessions? Economics can help us answer these questions. Below, we’ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives. Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond .
Equality, the Third World, and Economic Delusion: Bauer, P ~ Here is the book that explains why trying to help can actually hurt. Our preconceived ideas on how to help emerging areas become prosperous are often ill-advised and we need to be better at achieving results rather than providing the means for internal control and corruption. Read this work based on extensive and thoughtful research and analysis to find out what is wrong and how we might do .
Growth: From Microorganisms to Megacities, Smil, Vaclav ~ Finally, he looks at growth in complex systems, beginning with the growth of human populations and proceeding to the growth of cities. He considers the challenges of tracing the growth of empires and civilizations, explaining that we can chart the growth of organisms across individual and evolutionary time, but that the progress of societies and economies, not so linear, encompasses both .
The Talent Delusion: Why Data, Not Intuition, Is the Key ~ Buy The Talent Delusion: Why Data, Not Intuition, Is the Key to Unlocking Human Potential Illustrated by Chamorro-Premuzic, Tomas (ISBN: 9780349412481) from 's Book Store. Everyday low prices and free delivery on eligible orders.
The Myth of the Rational Market: A History of Risk, Reward ~ While "modern" portfolio theory (MPT), which dates back to the 1950s and 60s, became increasingly accepted through perhaps the late 1970s (thanks in good part to the pioneering efforts of some of the economists mentioned above), in more recent times behavioral finance--which looks more at what people actually do, as opposed to what a rational person would do--has held increasing sway. Before .
Economics - The New York Times ~ News about economics, including commentary and archival articles published in The New York Times.
Why Are Small Businesses So Important for the Economy ~ Small businesses also have more flexibility, and can be started by almost anyone. That makes them more diverse in form, function, culture, and potential than large corporations. The greater diversity we have in the economy, the easier it is for the economy to withstand tough conditions.
Paul Krugman - Wikipedia ~ Paul Robin Krugman (/ ˈ k r ʊ ɡ m ə n / KRUUG-mən; born February 28, 1953) is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography.