Economy Of California
California's economy is the eighth largest economy in the world (2011), if the states of the U.S. were compared with other countries. As of 2010, the gross state product (GSP) is about $1.9 trillion, which is 13.06% of the United States gross domestic product (GDP). The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007.
Read more about Economy Of California: History, Sectors, Personal Income, Housing
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The apparent ease of California life is an illusion, and those who believe the illusion will live here in only the most temporary way.”
—Joan Didion (b. 1935)