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The Productivity Puzzle

The Nowhere Office

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Rethinking Economic Metrics

This chapter explores the implications of the Bank of England's interest rate announcements and critiques the usage of traditional economic measures like GDP. It emphasizes the limitations of GDP in reflecting true economic value and considers the implications of productivity measurements, particularly in knowledge-based industries. The discussion raises concerns about the disconnect between economic theory and real-world applications, advocating for more holistic evaluation methods that prioritize quality and societal impact.

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