The quest to replace per capita GDP as a growth indicator has officially come full circle: If you aggregate the latest version —just unveiled at Davos by the World Economic Forum (WEF) —with previous attempts, the top of the resulting list isn’t that different from the original recipe. Like the other composite indicators —the United Nations’ Human Development Index, the ...

The choreography could not have been better this week. The leaders of the euro zone’s three largest economies took the stage at the World Economic Forum in Davos one after the other to deliver the same message. In the era of Donald Trump’s “America First,” the leaders of Italy, Germany and France all spoke up to oppose protectionism and embrace ...

Where’s that inflation we were promised? That’s the question Senators Elizabeth Warren and Sherrod Brown asked economist Marvin Goodfriend during contentious hearings over his nomination to the Federal Reserve Board. In 2011, Goodfriend had said that inflation would grow more severe. But inflation, as the senators noted, has been relatively low since then. The Fed says it wants a measure ...