Congratulations to Diane Coyle on the launch of her new book - The Measure of Progress: Counting what really matters.
Published in early April 2025, Economist Diane Coyle’s new book, The Measure of Progress: Counting what really matters, argues that the economic statistics used today are outdated, rooted in a 1940s framework designed for an entirely different set of challenges. She highlights that these old metrics distort policymakers’ understanding of the modern economy, especially in the digital age.
Diane emphasises that economic data guides decisions affecting all aspects of life, yet current measures fail to account for intangible assets (such as the environment, knowledge, and health) and the slowing growth in living standards despite technological advancements.
She calls for a new framework to better capture today’s economic realities, offering suggestions for improved data collection that could foster more inclusive and sustainable growth.
The book is a continuation of Diane’s ongoing research and bestselling book, GDP – A Brief but Affectionate History.
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