Celebrating humanity's flourishing through the spread of capitalism and the rule of law
20 Aug 2016 Leave a comment
in economics
Not sure that the concept of GDP is a great invention. Hong Kong got by without national account statistics for quite a few decades.
Nice article by Prof. Philipp Lepenies of Free University (Berlin). I didn’t know that US Commerce Dept actually called GDP as one of the most important inventions of 20th century.
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