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When China released its official economic data for 2017, many commentators quibbled about the data’s reliability. But what they should have been talking about is China’s undeniable importance to the global economy, which is becoming increasingly reliant on China’s transition from industrial production to domestic consumption. https://www.project-syndicate.org/commentary/in-defense-of-democracy-by-chris-patten-2018-01 Democracies have had a bad few years, but […]

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Just under ten years ago, the International Commission on the Measurement of Economic Performance and Social Progress issued its report, Mismeasuring Our Lives: Why GDP Doesn’t Add Up.The title summed it up: GDP is not a good measure of wellbeing. What we measure affects what we do, and if we measure the wrong thing, we will […]

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