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Keynesian Economics, GDP and Debt
The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and... Why Debt Matters and Who Is Its Source
During the Bush administration, when America accumulated $6 trillion in debt, with a Republican Congress and White House, at a time that there was absolutely no need for it and before the baby boomers had even started to retire, a Republican commentator stated that Reagan had... Eurozone Gloom Deepens As UK Recession Looms
UK economic outlook worse for seventh month in a row, says OECD.... The West's leading economic thinktank, Organisation for Economic Co-operation and Development (OECD), says a recession is looming and backs... Crisis of Growth, Crisis of Measuring Growth
The sovereign debt crisis of 2010-2 emanated from the realization that lower growth rates throughout the industrialized West were insufficient to guarantee the repayment of debts accumulated by governments. The proceeds of the credits and loans assumed by public sectors... India clocks 8.8% GDP growth in Q1
Elephant economy of India is back on track, at least latest stats released by the Government speaks so. In Q1 GDP growth rate touched the impressive 8.8% figure, led by the buoyant 12.4% growth in manufacturing... Is GDP best for measuring development?
The per capita income of USA is about USD 42,000 per annum while that of China is about USD 3000 to 4000. Yet China has taken the second place in the world in economic growth (or wealth). But is GDP best for measuring economic growth or development? Does it measure social,... 393 views | 0 recommendations | 1 comment
Integrative Cognition and Dualities
Philosophical essay reflecting on issues from economics and environment to business, art, religion, psychology and man-woman relationships.
Check http://sites.google.com/site/ilyashambatwritings/integrative GDP Fraud
The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,... Economic Growth is Unsustainable
One thing has become clear with this financial crisis, trees don’t grow into heaven in other words any growth has its limitation. The question arises whether economic growth the so-called GDP increases year on... U.S. Economy Shrank 1% In Q2
The U.S. economy shrank at a 1% in the second quarter of 2009, much lower than the 1.5% economists had been projecting. The Department of Commerce said that the "much smaller decrease in real GDP in the second quarter" was mainly a result of smaller decreases in...
created by candice.tsuei | 2 years ago | updated 2 years ago
75 views | 2 recommendations | 1 comment
75 views | 2 recommendations | 1 comment
Slowdown pulls down India's growth to 5.3 percent
The signs of worldwide economic downturns have started showing in world's second fastest growing economy India. India's econmy grew at its lowest rate in almost six years in the third quaeter ending at December. The slowdown has raised questions about projected growth for... Government Needs $4 Trillion for Bank Bailouts
There is a big possibility that the price of bailout for banks will be greater compared to the allotted $700 billion because banks do not have enough resources to mend their problems. Therefore support for companies in financial services spent by the government can eventually... The 10 Poorest Countries on this planet.
By, Uwe Paschen.The 10 Poorest countries on our planet today. The Republic of Congo in central Africa is leading the way being the Poorest Country today with a GDP-per Capita of $300.00, being...
created by Uwe Paschen | 3 years ago | updated 2 years ago
14001 views | 108 recommendations | 63 comments
14001 views | 108 recommendations | 63 comments
The 10 Poorest Countries Of The World
The level of economy in countries around the globe is not even. It is somewhere very high and somewhere very low. GDP, literacy rate and employment rate are several parameters of a country to determine the level... Credit Cards Could Become Next Trouble Spot in Crisis
"Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the overall economy won't be as severe as the housing slump, analysts believe. As the economy worsens...NowPublic on Facebook
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