Kate Raworth, Simon Kuznets
In the 1930s he [Simon Kuznets] was asked by Congress to come up with a measure of national income. He did a fantastic job and came up with this measure, which we now know as GDP. But at the time when he created it, he gave us a caveat. He said, “This measure should in no way be mistaken for the measure of a nation’s … [ Read more ]
Content: Quotation | Authors: Kate Raworth, Simon Kuznets | Source: Knowledge@Wharton | Subject: Economics