Tag: economy

What does the economy look like? And why does it matter?

  Question: What does the economy look like?… The mainstream economist’s answer: ‘Why! GDP, of course! ‘An economy,’ a mainstream economist might retort, ‘is nothing more than the combined economic activity of all ‘households’ in any given location – say, a region, a nation, the world. So, if you want to see what an economy…