The Measure of Progress: Counting What Really Matters
The Measure of Progress: Counting What Really Matters Diane Coyle (Princeton, $41, 306 pages) Economist Diane Coyle argues that traditional economics metrics like Gross Domestic Product and the System of National Accounts, important as they were in helping policy-makers and economists understand material well-being, are inadequate to measure complex modern economies and thus economists are unable to answer the vital question: “Are things [...]