How Should We Measure the Digital Economy?
Erik Brynjolfsson and Avinash Collis |
December 1, 2019
Harvard Business Review
November-December 2019 issue
Macroeconomic indicators can be precisely measured, but they tell only part of the story. Well-being metrics convey a truer picture of how consumers are doing, but they are more subjective. By considering an array of measures, including our GDP-B metric, policy makers, regulators, and investors can establish a better foundation for decision making.
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