On the edge of friction

(PhysOrg.com) -- The problem exists on both a large and a small scale, and it even bothered the ancient Egyptians. However, although physicists have long had a good understanding of friction in things like stone blocks being ...

Using physics to make better GDP estimates

A team of Italian physicists has used economic complexity theory to produce five-year gross domestic product (GDP) estimates for several countries around the world. In their paper published in the journal Nature Physics, ...

This index measures progress and sustainability better than GDP

Conventionally, economists use gross domestic product (GDP) to estimate the sustainability of the economy and the quality of societal welfare. However, this approach is not only incorrect and logically flawed, but also in ...

Global warming slows down world economy: report

Climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades, a major new report said.

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