Tag Archives: ireland

Ah, productivity. Who knew that our whole prosperity was totally dependent on a concept as nebulous as this?To be sure, it doesn't sound nebulous. It is output per worker per hour. What is so difficult about that?The problem is how you define "output". Usually, we take this to mean GDP (gross domestic product), though we might use GNP (gross national product) or GVA (gross value added). In this post, I shall use GDP.As Diane Coyle has engagingly written, GDP is a deeply flawed measure....

NEP’s Bill Black talks economics and the Irish economy with Neil Delamere on Neil’s Sunday Best program. You can listen here. [Translate]