GDP: A Brief but Affectionate History

168 pages

Published Feb. 23, 2014 by Princeton University Press.

ISBN:
978-0-691-15679-8
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A Quick, Informative Read on an Important Topic

People throw around the concept of GDP like it's an objective entity, but rarely do they peek under the hood and understand how and why it's calculated in a certain way and the implications of those very subjective, human choices. Coyle reviews this history nicely, pointing out that this metric is very much designed for a manufacturing-intensive world, that many parts of the economy are left out, and how challenging it is to come up with accurate, coherent metrics in an ever changing world. I only wish this book were longer. Highly recommend

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