12 October 2014

GDP

A brief but affectionate history

Diane Coyle
2014, Princeton University Press, 168 pages, £13.95
ISBN 9780691156798

Reviewer: Bill Allen

Statisticians are the unsung heroes of macro-economics. The invention of national income accounting was perhaps the greatest step forward in the subject in the 20th century. GDP releases are now awaited with a mixture of hope and trepidation, and are regarded, rightly, as the most important among macro-economic indicators. Their producers are periodically abused by economists whose…

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