Replacing Gross Domestic Product (GDP) with a new "ecosystem" measure reveals the enormous value of the natural world, new research shows.
Environment
Jun 8, 2020
0
370
For several decades, gross domestic product (GDP), a sum of the value of purchased goods, has been a ubiquitous yardstick of economic activity. More recently, some observers have suggested that GDP falls short because it ...
Economics & Business
Mar 26, 2019
1
11
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, ...
Dramatically expanding broadband access would boost the global economy and could do more good than investing in HIV prevention or clean drinking water, according to a study published Thursday.
Economics & Business
Dec 11, 2014
1
0
(Phys.org) —Gross Domestic Product is a misleading measure of national success, say ANU experts.
Economics & Business
Jan 16, 2014
41
0
Economists have shed light on the vexed question of whether economic development can buy happiness – and it seems that life satisfaction actually dips among people living in the wealthiest countries.
Social Sciences
Nov 27, 2013
2
0
(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 ...
Condensed Matter
Dec 20, 2011
3
1
One of the more interesting developments in terms of technology is the virtual economy -- and how it translates into something that involves real money.
Digital goods are products or services that can only be purchased, transferred, and delivered online (e.g., e-books, downloadable music, online games). Such goods can generate significant benefits for consumers, but because ...
Social Sciences
Dec 5, 2023
0
5
Politicians in the European Parliament are supportive of post-growth and ecosocialist positions to tackle the climate crisis, and not only green growth.
Economics & Business
Nov 17, 2023
0
20
