Exploring the challenges of recording all economic activities, this chapter analyzes GDP measurement primarily through demand, drawing parallels to economic analysis in the Roman Empire. It contrasts the poverty of ancient times with modern wealth, prompting reflections on the drivers of economic progress.
Apparently us guys think about the Roman Empire 5 times a day, but from an economic Perspective it's hard to see why. While they did build a lot of architectural monuments, their economy was actually rather pathetic by almost all metrics. Why was Rome, which had a large empire and notoriety throughout Europe for millennia after its demise, actually a very weak economy?
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