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Discussion

Should housework be included in the GDP?

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. However, it doesn’t include a broad fraction of human labour. In SNA terminology, unpaid labor corresponds to the category of ‘own-account services.’ This includes activities such as childcare, cleaning, meal preparation, and care for the sick and elderly. All of those are excluded from GDP as they are repetitive actions, which are not contributing to actual production.

What is your opinion? Do you think GDP measurements should be changed?

Additional reading:

  1. https://www.newstatesman.com/culture/2015/03/much-womens-work-unpaid-without-it-economy-would-crumble
  2. https://www.e-ir.info/2019/01/11/unpaid-work-and-the-governance-of-gdp-measurement/
Categories
Discussion

Are History and Politics Related?

“The Study of history is the beginning of political wisdom.”

Jean Bodin

“The close relationship between politics and economics is neither neutral nor coincidental. Large governments evolve through history in order to protect large accumulations of property and wealth.”

Michael Parenti

“History is past politics, and politics present history.”

Edward Augustus Freeman

Let us know in the comments what you think about these quotes!

Do you agree with the statement that history and politics are related?

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Online Courses

Chinese Politics Part 1 – China and Political Science

Country-related, Politics, Economics

Platform: Coursera, Hong Kong University of Science and Technology

Level: Intermediate

In this course, you will learn about the interesection of economics and politics that is the case in China. Additionally, you will also learn about the orgins of China’s political system, how decisions are made, the extent to which Chinese citizens can get involved in politics, and China’s political future. The course takes around 19 hours to complete and is divided into 7 weeks.

Interested? Find out more here: https://www.coursera.org/learn/chinesepolitics1?

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Online Courses

Political Economy of Institutions and Development

Economics, Politics

Platform: Coursera, Universiteit Leiden

Level: Beginner

In this course you will learn about the way in which politics and economics are interconnected in our modern world. Over the course of 10 weeks (and around 21 hours) you will also learn about different studies that were conducted to compare different political systems and the economical development of countries and why these studies may not be reliable.

Interested? Find out more here: https://www.coursera.org/learn/political-economy?