Before Class on Tuesday, 09/21
Read: Lumen Learning “What is Gross Domestic Product?” and “Calculating GDP”
Watch (17:42): Pheko (2020)
In Class
Slides: Economic Well-being
Before Class on Thursday, 09/23
Have tried all of Weekly Review 3
Material Links
Lumen Learning. “What is Gross Domestic Product?” https://courses.lumenlearning.com/wm-macroeconomics/chapter/what-is-gross-domestic-product/ & “Calculating GDP” https://courses.lumenlearning.com/wm-macroeconomics/chapter/calculating-gdp/
Pheko, Lebohang. (2020). “Feminist economics is everything. The revolution is now!” TEDxLytteltonWomen. 4 February. https://youtu.be/bDiOXjBK8xM
Optional: Fed Reserve of Dallas – Deflating Nominal Values to Real Values
My Reading Summary
1. In “Feminist Economics…..” (2020) Pheko says that huge corporations have more power/influence then states — do you think that’s true?
2. I learned that there a certain corporations that have more value that some countries entire GDP.
3. My favorite part was when she spoke about global value chains and the concept that they can still be launched locally. My least favorite part was the end I wanted to hear more.
Some folks were asking about the origins of GDP — Where did it come from? When did we start using it? What what was it when it started? Here are some answers and! (be warned) they all have different versions of the story. Take what you like, leave the rest!
Bokat-Lindell, Spencer. (2021). “Do We Need to Shrink the Economy to Stop Climate Change?” New York Times. 16 September. https://www.nytimes.com/2021/09/16/opinion/degrowth-cllimate-change.html
Dickinson, Elizabeth. (2011). “GDP: a brief history.” Foreign Policy. 3 January. https://foreignpolicy.com/2011/01/03/gdp-a-brief-history/
Kapoor, Amit and Bibek Debroy. (2019). “GDP is Not a Measure of Human Well-Being.” Harvard Business Review. 4 October. https://hbr.org/2019/10/gdp-is-not-a-measure-of-human-well-being
(2007). Beyond GDP: Measuring progress, true wealth, and the well-being of nations. EU, The Club of Rome, WWF, OECD. November. [Conference Description] https://www.oecd.org/site/worldforum06/38433373.pdf