A Not-So-Nobel Prize for Growth Economists

by Brian Czech

How ironic for the Washington Post to opine “Earth may have no tomorrow” and, two pages later, offer up the mini-bios of William Nordhaus and Paul Romer, described as Nobel Prize winners.

Without more rigorous news coverage, few indeed will know that Nordhaus and Romer are epitomes of neoclassical economics, that 20th century occupation isolated from the realities of natural science.

Gross Domestic Problem: Don’t Shoot the Measurement

GDP growth is creating more problems than it solves–which is exactly why we need to keep calculating and monitoring it.