freakonomics.blogs.nytimes.com - 5/22/2009
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There's been some interesting recent commentary on the Human Development Index . But first, some background. This index is calculated each year by the U.N. Development Program as a summary indicator of "Human Development," combining data on life expectancy at birth, adult literacy, educational ...
econlog.econlib.org - 5/22/2009
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econlog.econlib.org —
(May 22, 2009 10:44 AM, by Bryan Caplan)
The authors of the "U.S. Unemployment Rate Now as...
High as Europe" report have turned down my bet. One of the authors did however counter-offer a bet that Scandinavia's scores on the Human Development ...
(more)
Against the Human Development Index
bloomberg.com - 5/16/2009
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Building Brand Equity: What I've Been Writing Lately (also GDP v. HDI)
Division of Labour —
... studied as much economics as he can fails in his civic duties."--Ludwig von Mises Economists are well aware of the problems with Gross Domestic Product as a measure of how wealthy a country is. It doesn't account for "non-economic" values (T. Sowell: are there any values that aren't "non-economic"?), it doesn't count household labor, and so on. Nonetheless, GDP is an anvil that has worn out many hammers.* Here, for example, are two posts on the Human Development Index in which Justin Wolfers and ...
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Image via Wikipedia
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