Ep. 130: Demystifying GDP
The Seen and the Unseen - hosted by Amit Varma
00:00
The Importance of Government Spending in the Economy
After the Second World War, when the war has ended, Coosness was also the opinion that we are building a wartime measure of GDP because it's for the cause of national survival. But once the war is over, we must spend time thinking about a peacetime measure of national income. That's where I think Coosinence lots lost the battle and the whole notion of welfare or distribution, all of these things went out of the window. And Keynes won because, um, Keynesianism got sealed after the Second WW2.
Transcript
Play full episode
