Word: nonmarketed
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...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, caring for the elderly and housecleaning should be taken into account, the panel says, as should environmental sustainability. But most important, it suggests looking at "soft" economic indicators that are linked to well-being, such as access to education, population health and leisure time...
...well for a proletarian revolution. But it may also pose a threat to the distinctive places and communities that give us our bearings, that locate us in the world. … Some of these inefficiencies are institutions, habits, cultures, and traditions that people cherish precisely because they reflect nonmarket values like social cohesion, religious faith, and national pride...
...strengthen existing laws against foreign infringement of U.S. patents and copyrights and against "dumping," which is generally defined as the sale of a product in export markets for a lower price than it commands at home; he asked that Congress establish a dumping test that could be applied to "nonmarket" (read Communist) economies. But Reagan did not propose any specific new legislation. The burden of his talk: Yes, there is discrimination against U.S. trade abroad and unfair penetration of the American market, but it is best countered "through negotiation" and administrative action, not blunderbuss curbs on imports. Those "would invite...
...point, however, did Andropov indicate that he intended to launch a wholesale attack on the main pillars of the bureaucratic system, such as central planning and nonmarket pricing. One of the few attempts to decentralize economic decision making under Andropov--legislation to encourage worker participation in factory management--left the Communist Party with close control over its worker delegates and required only that managers "consult and inform" workers about their plans twice a year...
...first formal venture into international diplomacy, Ford offered the delegates the same thing he had given the American people in his Inaugural Address, "a little straight talk among friends." The delegates who heard him agreed afterward that the President had been uncommonly blunt. "Developing and developed countries, market and nonmarket economies-we are all part of one interdependent economic system," he said. Ford went on to imply that some countries-namely the oil-producing nations -appeared to be acting less interdependently than they had a right...