As featured in The Wall Street Journal, Money Magazine, and more!
   

Mean National Prosperity

This article was written by in Economy. 6 comments.


On Marketplace last night, Robert Reich talked about a cognitive disconnection regarding the American economy. While the country’s gross national product has been increasing, individuals (other than the top 20%) haven’t been seeing any benefits from the increased productivity. Usually increased productivity goes hand-in-hand with increased wealth. Rather than income and net worth increasing with the GDP, it has stayed flat.

Reich suggested developing a new measure: mean national prosperity. Listen to the show. Perhaps a new indicator can give a clearer picture of economic life in this country.

Updated February 7, 2012 and originally published December 29, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦125,034
Rank: Platinum
About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Flexo on Twitter. View all articles by .

{ 3 comments }

avatar FMF

How about you just define it for us? :-)

avatar Flexo ♦125,034 (Platinum)

I meant to, but today has been quite busy. :>

avatar Taylor Hain

You also might want to check out the Genuine Progress Indicator.

GPI [wiki]

Previous post:

Next post: