Saturday, August 21, 2021

That Which is Measured

I am taking the quote verbatim from Byte Size Blog:

"English economist William Petty unknowingly developed the concept of Gross Domestic Product (GDP) in the 1600s to investigate high taxation on landowners. The modern concept of GDP was developed by American economist Simon Kuznets in 1934 as a tool to measure the economy."








Image credit - New Yorker. 'Can We Have Prosperity Without Growth?'


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