Geography Education
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The Invention Of 'The Economy'

The Invention Of 'The Economy' | Geography Education |

"Until the Great Depression, nobody talked about 'the economy.' In a sense, it hadn't been invented yet."

Seth Dixon's insight:

This podcast is a great discussion on historical evolution of some standard economic measures; it is also a nice reminder that statistics such as GDP don't represent a tangible thing, but are a shaped by how we think about the world around us.  

Darius Douglass's curator insight, March 3, 2014 3:59 PM

A little history here, What we call the GDP is not really scientific #GDP #NationalIncome  #indicator #health

Stephen Zimmett's curator insight, March 4, 2014 1:54 PM

Seth Dixon has it right. 

Tracy Galvin's curator insight, April 26, 2014 4:01 PM

The parameters of the measure of the economy are so broad that the numbers don't really mean anything. Each country counts different things. The GDP of the US cannot be compared to the GDP of other countries because the cost of living in each place is so wildly different. When compared to Japan our economies are close but compared to any country in Africa they are completely different. Measurement of the economy is not an overly useful number.

Geography Education
Digital resources to strengthen the quality and quantity of geography education in classrooms the world over.
Curated by Seth Dixon