Our Phony Economy. [more inside]
posted by chunking express on Aug 12, 2008 - 102 comments

"Hard Numbers: The Economy is Worse than You Know" [full article for Harper's subscribers, a different abridged version] discusses how the Consumer Price Index and other US economic statistics have been manipulated over time. Among other things, the article claims, these changes make Social Security checks 70% lower than they would otherwise be. [more inside]
posted by salvia on May 5, 2008 - 73 comments

The Happy Planet Index presents an alternative to GDP for measuring standard of living. It ranks countries by measuring life expectancy and self-reported life satisfaction against an "ecological footprint" needed to support that country's lifestyle. The press release claims that well-being is not based on high levels of consumption, but many don't agree. Full report in PDF here. Vanuatu tops the charts, while Zimbabwe and Swaziland lie at bottom. Critiques here, here, here, and here. A critique of happiness indices generally here.
posted by shivohum on Jun 3, 2007 - 19 comments

GDP per square kilometer (jpg), via.
posted by jonson on Jan 13, 2007 - 31 comments

Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2 on Jul 16, 2006 - 67 comments

How happy are you? Today's NYT has a great article on alternate methods of analyzing the overall well-being of a country, focusing on Bhutan, the largely Buddhist country whose king put forth an alternative to the capitalist-centric Gross Domestic Product: Gross National Happiness. Not only does it fit in with Buddhist ideals, but organizations like the World Values Survey have come to some (not-so) surprising findings regarding the correlation between wealth and happiness. There are similar movements cropping up around the world, such as Australia's Genuine Progress Indicator, which attempts to quantify non-material progress rather than rely on subjective interpretations of happiness. How do you measure your own happiness?
posted by mkultra on Oct 4, 2005 - 49 comments

Game Theories: Are these virtual worlds the best place to study the real one? The Gross National Product of EverQuest, measured by how much wealth all the players together created in a single year inside the game. It turned out to be $2,266 U.S. per capita. By World Bank rankings, that made EverQuest richer than India, Bulgaria, or China, and nearly as wealthy as Russia. (by Clive Thompson)
posted by hoder on May 17, 2004 - 11 comments

Vive la California! France passed by California in rankings of world economies.
posted by msacheson on Jun 15, 2001 - 21 comments