The Measure of Economies

Name: The Measure of Economies
Brand: The University of Chicago Press
Price: 68.75 AUD
Availability: PreOrder

Measuring Productivity in an Age of Technological Change

By: Marshall B. Reinsdorf (Editor), Louise Sheiner (Editor)

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Hardcover | 6 January 2025 | Edition Number 1

At a Glance

Hardcover
368 Pages

Dimensions(cm)
22.86 x 15.24

Hardcover

RRP $107.95

$68.75

36%OFF

Available: 6th January 2025

Preorder. Will ship when available.

Innovative new approaches for improving GDP measurement to better gauge economic productivity.

Official measures of gross domestic product (GDP) indicate that productivity growth has declined in the United States over the last two decades. This has led to calls for policy changes from pro-business tax reform to stronger antitrust measures. But are our twentieth-century economic methods actually measuring our twenty-first-century productivity?

The Measure of Economies offers a synthesis of the state of knowledge in productivity measurement at a time when many question the accuracy and scope of GDP. With chapters authored by leading economic experts on topics such as the digital economy, health care, and the environment, it highlights the inadequacies of current practices and discusses cutting-edge alternatives.

Pragmatic and forward-facing, The Measure of Economies is an essential resource not only for social scientists, but also for policymakers and business leaders seeking to understand the complexities of economic growth in a time of rapidly evolving technology.

Industry Reviews

"Productivity growth is central to improvements in the well-being of a society. In recent years, there have been significant questions about the accuracy of our productivity measures. Sheiner, Reinsdorf, and their collaborators tackle those questions, laying out how the statistical agencies measure productivity, identifying where the problems with the measures lie and-importantly-suggesting possible steps towards improving them." -- Katharine G. Abraham | University of Maryland
"Measuring productivity does not catch the eye of headline writers, which is lamentable since productivity is a vital issue. Reinsdorf, Sheiner, and the all-star team they've assembled are to be congratulated on a book that lays out not only the shortcomings in the statistical system, but also its strengths and the obstacles that make improvements so difficult to achieve. This book will, I hope, inspire actions to fix some of the potholes in our current measurement methods." -- Martin Neil Baily | Brookings Institution

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