1981, BA (Hons) in Philosophy, Politics and Economics, Brasenose College, Oxford; 1987, MA; 1983, AM and 1985, PhD in Economics, Harvard Univ. 1981-85, Research Assistant, Nat'l Bureau of Economic Research, Cambridge; 1985-86, Senior Economic Assistant, HM Treasury; 1986-88, Senior Economist, DRI Europe; 1988-89, Intern, The Economist; 1989-93, European Editor, Investors Chronicle. The Independent 1993- 2001. Founder, Enlightenment Economics. Professor of Economics, University of Manchester. Member of Council, Royal Economic Society; Trustee of Centre for Economic Policy, NIESR, ProBono Economics & CORE Economics. Member of American Economic Association and Society of Business Economists. Fellow Royal Society of Arts, Manufacturers and Commerce. Author of numerous publications inc. GDP, A Brief But Affectionate History. OBE, 2009.
Just as with developing countries now, changing the method of calculating a price index presents a different pattern of growth. The seemingly technical issue of how best to calculate a pr...
As a rough guide to long run increases in prosperity, GDP growth has been a reasonable yardstick; but it is only a proxy for economic welfare. There is no good rationale for continuing to...
Common economic statistics such as GDP may not be the best way to measure digital innovation.
