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economic measurement

The Tyranny of Anecdotes: Bill Easterly’s new book

David McKenzie's picture
Bill Easterly’s new book “The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor” is a meandering mélange of anecdotes, parts of Why Nations Fail, and miscellaneous pages from human rights reports, sprinkled with history of economic thought, non sequiturs about one block in New York, finally mixed with some sharper critiques of Thomas Friedman and discussion of the difficulties of measuring the relationship between autocracy and growth.

Not All That Glitters Is Gold

Otaviano Canuto's picture

imageGross Domestic Product, better known as GDP, is the market value of all final goods and services produced within a country in a given period. That's why GDP per capita is widely used as a summary indicator of living standards in a country. No wonder we keep our eyes closely on its evolution and compare its levels among countries.