One year ago this week, Hurricane Sandy ravaged much of the eastern seaboard, leaving tens of thousands of families homeless and nearly as many businesses shuttered. Yet, by many estimates, the ...

How should we measure changes in an economy's standard of living, or compare living standards across countries? Typically, economists use GDP per capita as a proxy for a country's standard of living, ...

The GDP concept has historically been used to measure human well-being and progress. This analytical purview is now coming into question. The GDP concept limits analysis to the economic factor and ...