The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
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The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
A farmer’s second tractor will help his
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
The unemployment rate is the single best signpost of the economy’s health. When the economy reaches full strength, the unemployment reaches its so-called natural rate.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
Expenditure-based GDP. Total of all the money spent on stuff. 2. Income-based GDP. Total of all the money earned producing stuff.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
according to the Economist, is that a depression is a contraction in economic activity of at least 10 percent or lasting at least three years.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
- Population 2. Capital (i.e., investment) 3. Ideas
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
Harry Truman said “a recession [is] when your neighbor loses his job; it’s a depression when you lose yours.”
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
In 2026, China’s population should start to decline. It may be the first country to grow old before it grows rich.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
fertility drops much below 2.1 babies per woman, the population will shrink unless offset by immigration.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
For a country to be rich—that is, for its average citizen to enjoy a high standard of living—it must depend on productivity, which is the ability to make more, better stuff with the labor it already has. Productivity itself depends on two factors: capital and ideas.