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University of Chicago Press - The Measure of Economies Book

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Description

Are our current economic metrics failing to capture the reality of the modern era? As official GDP data suggests a decline in US productivity growth over the last twenty years, policymakers are debating everything from tax reform to antitrust measures. However, a fundamental question remains: are twentieth-century methods capable of measuring twenty-first-century productivity? The Measure of Economies provides a necessary synthesis of current knowledge regarding productivity measurement. This work explores innovative approaches to improving GDP measurement to better gauge economic productivity in an age of rapid technological change. It addresses the growing skepticism surrounding the accuracy and scope of traditional economic indicators. By examining how technological shifts impact our ability to track economic health, this book serves as a vital resource for those studying business and economic history. It offers a deep look into how we can refine our tools to ensure they reflect the true state of a changing global economy.

Key Features

Examines the gap between twentieth-century economic methods and twenty-first-century productivity needs.

Provides a comprehensive synthesis of current knowledge regarding productivity measurement.

Explores innovative approaches to improving GDP measurement for better economic gauging.

Addresses the impact of technological change on official economic indicators and data accuracy.

Analyzes why current GDP measures show declining productivity growth in the United States.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
16 December 2024
Listed Since
27 February 2024

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