GDP was one of the most important inventions of the 20th century, what about its place in 21st?

Not sure that the concept of GDP is a great invention. Hong Kong got by without national account statistics for quite a few decades.

Mostly Economics

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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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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