Pop quiz: What does “GDP” stand for? And now, quickly: what the hell does “gross domestic product” even mean? It turns out, the way we measure the economy changes the way we manage the economy, so if we want to broadly improve the lives of all Americans we need to measure the things that really matter.

Diane Coyle: Bennett Professor of Public Policy at the University of Cambridge. Former advisor to the UK treasury. Author of numerous books, most recently GDP: A Brief But Affectionate History, The Economics of Enough, and The Soulful Science. Founder of the consultancy Enlightenment Economics, specializing in the economics of new technologies.

Twitter: @DianeCoyle1859

Further reading:

(1) https://www.jfklibrary.org/learn/about-jfk/the-kennedy-family/robert-f-kennedy/robert-f-kennedy-speeches/remarks-at-the-university-of-kansas-march-18-1968

(2) https://democracyjournal.org/magazine/31/capitalism-redefined/

Comments (1)
  1. This was a FANTASTIC episode. Just finished it. You guys really hit it out of the park with this episode (reference intentional).

    Do you guys have any information on, or are you willing to do some research about, what might be called Municipal Funds or Regional Funds where the investors (equity or debt) live and work near the enterprises they invest in, and being able to participate as an investor is limited to people who live and near in the neighborhood?

    Is this a thing?

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