Sublime

The Best Leading Indicator The best indicator? People do predictable things as they age. That’s it in a nutshell. So, let’s look at how demographics drive economic trends, from the macro to the micro, in modern middle-class economies.

Policymakers typically measure the prosperity of the Economic Kingdom through the gross domestic product, or GDP, the total value of all goods and services produced in an economy.

We often forget how overwhelmingly positive the effects of economic growth have been. Economist Russ Roberts reports that he frequently polls journalists about how much economic growth there has been since the year 1900. According to Russ, the typical response is that the standard of living has gone up by around fifty percent. In reality, the U.S.

The final shift to create a better dashboard of economic and social progress is from monetary metrics to natural and social metrics too.

urgent political and economic issue.