3min chapter

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SUMMER SCHOOL 2: GDP & What Counts

Planet Money

CHAPTER

The Economic Revolution in the United States

By 19 37, roosevelt starts talking about the economy. By night, you never hear abraham lincoln or teddy roosevelt or george washington talking in this way. This number that kusniz is adding up becomes part of a kind of intellectual revolution. Over in england, the brits are also adding up this number. You get a lot of people who really start believing that there's this thing called the economy which obeys laws just like physics. And o part of the reason for measuring is the belief that all this fuzziness that has attended human history, around waves ofin bursts of growth and then collapse,. That we could capture it and

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