Your car gets counted once when it is built, not when it is driven. Your clothes, your bicycle, your furniture, all get counted once when they are manufactured, and not again when they are worn, ridden, or sat on. But homes are counted twice in GDP, writes Dr Cameron Murray: Once when they are constructed, and again when they are occupied. If we are going to count housing in GDP, shouldn’t we count it just once?
With house prices dropping, anemic growth and terrible productivity figures, it seems that developed economies are heading toward another financial fallout – having not yet paid for the last one. On this show from Merthyr Tydfil, Wales, we ask whether we are heading towards another crisis, and if so, what can be done about it? […]
Economist Dr Steven Hail on how Japan has managed to avoid another financial crisis without creating a major private debt problem, while America and Australia… have not.
Can a country suffer from a Finance Curse? We are joined by Richard Werner and David Buik to discuss.
Are we better off today than back in the 1970s? The obvious answer would appear to be yes…but is having a lot more stuff now than back then, is that really what ‘better off’ means?