麻豆社

It is fair to say that in the last three decades, the world has been run by economists. Their orthodoxy has dominated civil services, central banks and policy-making. But one might look at the world right now and say that economists have made a hash of things. The crash, the lack of growth since the crash and the failure of the economic system to deliver for everyone, all evidence that something is not working.

The last few decades have seen a huge reduction in human poverty in China and elsewhere, no mean achievement. But with everything that has gone wrong, you鈥檇 expect that economists would be rethinking their subject. And it turns out, they are.

In this episode we focus on GDP - Gross Domestic Product, which is the basic measure of what our economy produces - our national income. Diane Coyle, is the Bennett Professor of Public Policy at the University of Cambridge and author of GDP: A Brief but Affectionate History.

(Photo: Professor Diane Coyle, from Cambridge University Credit: Getty Images)

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