| The Right Stuff |
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| Written by Richard Cox & Michael Alm (1999) | |
| Friday, 26 November 1999 | |
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This analysis suggests that official economic statistics systematically understate increases in living standards. It makes the case that many statistics, including Gross Domestic Product (GDP), might have been appropriate to the age of mass production, but fail to reflect accurately the new economy which is being created by the application of information technology. |
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