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Description
Indicators used to direct ecomonic policy (GDP, national income, etc.) are based on a number of factors ß but nowhere in their calculation is there an acknowledgement of the degradation of natural resources. The numbers may look good, but continued deterioration of the environment is leading us closer to crises; meanwhile, policymakers and the public are basing decisions on dangerously incomplete information. In Taking Nature into Account, a number...
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"We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn't the case - economists simply didn't have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize-winning economist Robert Fogel and his collaborators tell the story...
Description
These essays examine the problems of defining, measuring and understanding the implications of "underground economies" that are surmised to have emerged in many of the world's developed nations. The conceptual problem of how to measure unreported income is examined and alternatives suggested.
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Everybody talks about the economy; everybody has complaints or recommendations. Few know what they're talking about. So asserts Robert Eisner - one of our nation's most distinguished economists - in this authoritative analysis of the real and imagined ills of the U.S. economy.
In clear, accessible language, The Misunderstood Economy confronts an array of myths surrounding economic issues. Eisner begins by challenging many of the standards traditionally...
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