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The Economics of Well-Being

Yue Minjun, Noah

Measurement Error. ”Compiling GDP involves making a lot of choices, and even reasonable choices can lead to skewed results. Statisticians understandably favor goods and services that are bought and sold—and thus easily valued by market price—over economic activities whose value must be estimated.

Such things as unpaid household work, although clearly of great economic importance, are left out of the calculations. And the value of government programs, including health care provision, is generally underrepresented, as is the value of leisure. Yet the anti-estimate bias is inconsistent: For example, “imputed rent”—an estimate of how much homeowners would pay if they didn’t own their homes—makes up about 10% of the United States’ GDP…”

HBR 

via @HarvardBiz

Image by Yue Minjun 

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Check out Yang Lan - The Generation That’s Remaking China via @

TedTalks

(Source: ted.com)

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Inforgraphic: “71% More Likely to Purchase Based on Social Media Referrals” via @HubSpot

Inforgraphic: “71% More Likely to Purchase Based on Social Media Referrals” via @HubSpot

HubApot

"I am resourceful and strategic professional with in-depth knowledge in Internet Marketing"

via @Summit_Rider

Social Media: 6 Steps for Protecting Corporate Reputation

6 Steps for Protecting Corporate Reputation in the Social Media Age

1. Don’t Pretend a Crisis Is Not Happening

2. Don’t Make an Empty Gesture

3. Don’t Refuse to Backtrack

4. Develop Channels of Communication

5. Establish a Crisis Communications Response Team

6. Become Influential and Change Perceptions

Mashable

via @Mashable

Image credit: harpymarx