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Tag Archive 'recession'

Much has been made recently of economic findings that seem to refute the Easterlin Paradox. The paradox is simple – in research done in the 1970s, there was no apparent connection between wealth and happiness (in cross-country or within country average data). Critics of “greed-seeking”, “soulless” capitalism have used this for decades to push for […]

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Inside 4th Quarter GDP Slowdown

Gross Domestic Product growth (GDP) slowed to an annual rate of 0.6 percent in the fourth quarter of 2007 according to Thursday’s release from the Bureau of Economic Analysis. AIER employs GDP as one of six coincident indicators of business cycle activity to show us where the economy actually is, and usually to provide confirmation of […]

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