Jan 21, 2016
Diane Coyle is Professor of
Economics at the University of Manchester and runs the
consultancy Enlightenment Economics.
specialises in competition analysis and the economics of new
technologies and globalisation.
the author of several books, including GDP: A Brief But
Affectionate History, The Economics of Enough,
The Soulful Science, Sex, Drugs and Economics and
Paradoxes of Prosperity.
Diane has a
PhD from Harvard and was awarded the OBE in January
episode you will learn:
- what is GDP and how it is
complications with understanding the meaning of GDP.
historical origins of GDP and why it is used to
measure our economy.
complications in measuring GDP.
- how GDP
data is still collected in such an ‘old-fashioned’ way and the
new methods to collecting data.
- about the
uncertainty and margin of error in GDP
- why it is
wrong to make fiscal policy, monetary policy and interest rate
decisions on GDP statistics.
proxy variables were used to measure economic
activity before GDP was introduced.
- why we
should re-think the meaning of the