GDP: A Brief but Affectionate History - Revised… by Diane Coyle · Audiobook preview

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GDP: A Brief but Affectionate History - Revised and expanded Edition
Authored by Diane Coyle
Narrated by Diane Coyle

0:00 Intro
0:03 Note on the Paperback Edition
4:47 Introduction
15:31 One: From the Eighteenth Century to the 1930s: War and Depression
31:44 Outro

#dianecoyle #gdpabriefbutaffectionatehistoryrevisedandexpandededition

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BOOK DESCRIPTION

This audiobook narrated by acclaimed economist Diane Coyle explains how GDP came to rule our lives—and why it needs to change

Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands.

Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.

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ABOUT THE AUTHOR

Diane Coyle is professor of economics at the University of Manchester. She runs the consultancy Enlightenment Economics, and as well as a regular blog, she is the author of numerous books, including The Economics of Enough and The Soulful Science: What Economists Really Do and Why It Matters (both Princeton).

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AUDIOBOOK DETAILS

Purchase on Google Play Books ►► https://g.co/booksYT/AQAAAECy1RSVtM
Language: English
Publisher: Princeton University Press
Published on: August 4, 2020
ISBN: 9780691212968
Duration: 4 hr, 34 min
Genres: Business & Economics / Economic History, Business & Economics / Economics / Macroeconomics, Business & Economics / Statistics