How did we come by the “leading indicators” we place such stock in? We allocate trillions of dollars and make public policy and personal decisions based upon them, but what do they really tell us?
“The leading indicators” shape our lives intimately, but few of us know where these numbers come from, what they mean, or why they rule the world. GDP, inflation, unemployment, trade, and a host of averages determine whether we feel optimistic or pessimistic about the country’s future and our own. They dictate whether businesses hire and invest, or fire and hunker down, whether governments spend trillions or try to reduce debt, whether individuals marry, buy a car, get a mortgage, or look for a job.
Zachary Karabell tackles the history and the limitations of each of our leading indicators. The solution is not to invent new indicators, but to become less dependent on a few simple figures and tap into the data revolution. We have unparalleled power to find the information we need, but only if we let go of the outdated indicators that lead and mislead us.
eBook - ePub
The Leading Indicators
A Short History of the Numbers That Rule Our World
- 294 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
About this book
Table of contents
- Cover
- Introduction
- 1. The Ripples of Domesday
- 2. Unemployment
- 3. National Income and the Man from Pinsk
- 4. The Invention of the Economy
- 5. The Economic Gestalt
- 6. Inflation: From Leading Indicator to Government Con
- 7. Diminishing Returns
- 8. Where’s Waldo?
- 9. Gross National Happiness
- 10. The Avatars
- Conclusion: Made to Measure
- Acknowledgments
- About Zachary Karabell
- Notes
- Index
- Copyright
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Information
Publisher
Simon & SchusterYear
2014Topic
EconomicsSubtopic
EconometricseBook ISBN
9781451651256
Index
EconomicsFrequently asked questions
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Yes, you can access The Leading Indicators by Zachary Karabell in PDF and/or ePUB format, as well as other popular books in Economics & Econometrics. We have over 1.5 million books available in our catalogue for you to explore.