Word: importantes
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We treat it with a numerologist's zeal. When it drops, we assume that grave societal consequences will follow. Macroeconomic policy is formed in its shadow. But now the granddaddy of economic statistics - gross domestic product (GDP) - is under attack. An assortment of economists, psychologists and sociologists are beginning to...
"[Economic growth] has done its work for us," says Richard Wilkinson, professor of medical epidemiology at the University of Nottingham, whose work has shown that wealth equality is far more important to population well-being than overall wealth. "We have reached the point, after millennia, in which raising material living...
The 24-person panel, called the Commission on the Measurement of Economic Performance and Social Progress, makes some concrete suggestions, like looking at household income and wealth rather than national production to avoid the false boost that debt-fueled consumer spending gives to GDP. Nonmarket activities such as raising children...
These panel members and other psychologists and sociologists have long noted that an increase in personal wealth above a certain income (about $12,000 a year per person, in some studies) has only a small effect on life satisfaction. Far more important is a person's relative position in society...
“I feel very good about the current plan, and I think the residents do as well,” says Reverend Samuel M. Johnson, chair of the Charlesview board. “I think timing is more important than trying to tinker this or make it better...