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Pricing Progress: How Economic Indicators Shaped American Capitalism
mainstream economics in the past 200 years has a completely different feature from classical economics, that is, it has systematic economic indicators. , which is also a sign of the progress of economics research and promotes the widespread application of mathematics and statistics in this field. The United States has made a major contribution to this. The well-known GDP (gross domestic product) is an invention of the American economics community. The development from basically no statistical data to an economic indicator system with GDP as the core is not a simple process of formula derivation. It is accompanied by profound changes in society, politics, economy and culture. ”Pricing Progress” by…
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Japan’s Economic Decline: From “Economic Giant” to “Political Dwarf”
The recent remarks made by the famous economist Yukio Noguchi have once again aroused Japanese society’s great concern about its economic decline. Noguchi pointed out that Japan’s per capita gross domestic product (GDP) ranking is declining rapidly, falling to 27th among 40 developed economies in the world, and is on the verge of being kicked out of the ranks of developed countries. In fact, Noguchi is only concerned about per capita indicators. If we focus on aggregate indicators, the decline of Japan’s economy is even more obvious, and whether it is viewed from the long-term trend, current trends, or future trends, it is showing an increasing trend. Long-term Trend: The…
