The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
Greg Ipamazon.com
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)
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)
- 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)
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)
productivity far less than his first. This is the law of diminishing returns.
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)
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)
The share of the working-age population either working or looking for work is called the labor force participation rate.
Greg Ip • The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
How do you know a recession has occurred? Easy: a press release goes out.