On Point | Podcast cover image

An economist's vision of economic growth -- with less destruction

On Point | Podcast

CHAPTER

Measuring Economic Performance: A Historical Perspective

This chapter explores the historical context of measuring economic performance, particularly during wartime, and critiques the exclusion of military spending from productivity metrics. It discusses the evolution of GDP from a wartime necessity to a crucial indicator in geopolitical power struggles, emphasizing the implications of these measurements and their moral consequences.

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