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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/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Diane Coyle. Diane is founder of Enlightenment Economics , and Bennett Professor of Public Policy at the University of Cambridge. She was recently appointed Commander of the Order of the British Empire (CBE) for "services to Economics and the Public Understanding of Economics". She is also the author of the 2014 book -- GDP A Brief but Affectionate History.
Diane Coyle is Professor of Economics at the University of Manchester and runs the consultancy Enlightenment Economics. Diane specialises in competition analysis and the economics of new technologies and globalisation. Diane is the author of several books, including GDP: A Brief But Affectionate History, The Economics of Enough, The Soulful Science, Sex, Drugs and Economics and Paradoxes of Prosperity. Diane has a PhD from Harvard and was awarded the OBE in January 2009. In this episode you will learn: what is GDP and how it is measured. the complications with understanding the meaning of GDP. the historical origins of GDP and why it is used to measure our economy. the complications in measuring GDP. how GDP data is still collected in such an ‘old-fashioned’ way and the new methods to collecting data. about the uncertainty and margin of error in GDP statistics. why it is wrong to make fiscal policy, monetary policy and interest rate decisions on GDP statistics. what proxy variables were used to measure economic activity before GDP was introduced. why we should re-think the meaning of the economy. and much more. Check out the links and resources mentioned in this episode at www.economicrockstar.com/dianecoyle
The Legatum Institute, Harvard Business Review and USC Sidney Harman Academy for Polymathic Study hosted an intensive half-day conference on how different disciplines think about the future. The second session of the day, entitled 'Revolutions in the Pipeline', looked at future innovations and potential shifts in technology and economics, which may have a disruptive impact. Discussants: Diane Coyle, President of Enlightenment Economics and Ben Hammersley, writer and futurist.