The Measure of Progress

17-04-2025
Author(s): Diane Coyle
Publication Number: ECES-SB323
Issued in: 2025

Overview:

Why do we use eighty-year-old metrics to understand today’s economy?
Coyle argues that to understand the current economy, we need different data collected in a different framework of categories and definitions, and she offers some suggestions about what this would entail. Only with a new approach to measurement will we be able to achieve the right kind of growth for the benefit of all.