![]() ![]() The reader learns why this standard measure of the size of a countrys economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. 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 livesbut 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. financial industry show its fastest expansion ever at the end of 2008just as the worlds financial system went into meltdown? And why was Greeces chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his countrys economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. ![]() economy increase by 3 percent on one day in mid-2013or Ghanas balloon by 60 percent overnight in 2010? Why did the U.K. ![]() 7466e2b3-5b7a-3ecf-87d1-0d4d4a7034ac GDP How GDP came to rule our livesand why it needs to changeWhy did the size of the U.S. 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. 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. On the 30th of January, 1948, Mahatma Gandhi was shot dead by a Hindu nationalist, for allegedly being highly concerned about the nation's Muslim population.How GDP came to rule our livesand why it needs to changeWhy did the size of the U.S. As the British rule ended, he was saddened by India's partition, and tried his best to bring peace among the Sikhs and Muslims. At all times, he practised satyagraha, which is the teaching of non-violence. As a result of launching this movement, he was thrown in prison and remained there for several years, due to other political offenses allegedly committed by him. In the year 1942, he played a key role in launching the Quit India movement, which was intended at forcing the British to leave the nation. The author was born on the 2nd of October, 1869, in Porbandar, Gujarat. ![]() The author has written a number of books and some of them include Character & Nation Building, India Of My Dreams, and All Men Are Brothers (Complete Book Online). He is also known as the "The Father Of The Nation", in the nation of India. Mohandas Karamchand Gandhi, was the prominent figure in the freedom struggle in India from the British rule. The real meaning of economic equality is 'to each according to his need'. It is meant for the brave, never for the cowardly.Įating for the sake of pleasure is a sin like animal indulgence for the sake of it. Assembled with skill and sensitivity, this selection of brief and incisive quotations range from religion and theology, personal and social ethics, service, and international and political affairs, to the family, education, culture, Indian problems, and Gandhi's most original concept, satyagraha - group nonviolent direct action.Īhimsa is the highest ideal. ![]()
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