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7min chapter
An economist's vision of economic growth -- with less destruction
On Point | Podcast
The Evolution of GDP: A Historical Perspective
This chapter explores the origins and historical context of Gross Domestic Product (GDP) as a measure of economic growth, emphasizing its emergence in the 1930s amidst World War II. It also examines the debates among influential economists regarding the inclusion of military spending in national economic output and the moral implications of these viewpoints.
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