There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

We spend a large and growing share of our waking lives online, but digital goods and services go largely uncounted in the GDP because that measure is based on what people pay for goods and services.

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, ...

It’s easy for entrepreneurs, managers and investors to get lost in the crushing volume of data and surveys purporting to show how the economy is doing, and where it might be headed. Though many ...

WHICH would you prefer to be: a medieval monarch or a modern office-worker? The king has armies of servants. He wears the finest silks and eats the richest foods. But he is also a martyr to toothache.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final... Can we just change how we measure GDP? There's one ...