Wednesday, December 17, 2003
Meanwhile back on the (Crawford, Texas) ranch...
Well, at least you can say Bush has finally gotten things under control on the domestic front, right? The economy's roaring back, productivity is up, the Dow hit 10,000 (albeit briefly) last week, the unemployment rate looks likes it's peaked and job growth can't be far behind. Or is it?
The Index of Missing Economic Indicators: The Productivity Paradox by Stephen Roach, Chief Economist for Morgan Stanley examines why current methods of measuring productivity may be inaccurate and misleading (New York Times).
And in the related article "The Unemployment Myth," University of Chicago Business School economics professor Austan Goolsbee discusses why there may be more Americans out of work than current measures suggest (New York Times).
Related reading:
Robert J. Samuelson on "Penny Diplomacy": Americans thought rising prosperity would unite the rest of the world behind their ideals, but it has not worked out that way. (Newsweek)
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The Index of Missing Economic Indicators: The Productivity Paradox by Stephen Roach, Chief Economist for Morgan Stanley examines why current methods of measuring productivity may be inaccurate and misleading (New York Times).
And in the related article "The Unemployment Myth," University of Chicago Business School economics professor Austan Goolsbee discusses why there may be more Americans out of work than current measures suggest (New York Times).
Related reading:
Robert J. Samuelson on "Penny Diplomacy": Americans thought rising prosperity would unite the rest of the world behind their ideals, but it has not worked out that way. (Newsweek)
