Time to fix GDP?

Economists paint themselves as the 'scientists of progress' , but reliance on GDP as a measure of economics progress fails to take into account that the economy is no longer production-based but is instead a service economy. Diane Coyle of Cambridge University talks about a new paper with Leonard Nakamura, which proposes a better metric built around how people use their time. The paper is available here.

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Topics:  Frontiers of economic research

Tags:  GDP, service economy, measurement, productivity

Professor of Economics, University of Manchester; founder, Enlightenment Economics

Events

  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
  • 29 - 30 August 2019 / Galatina, Italy /
  • 4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey

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