What if our most trusted economic statistic is pointing us in the wrong direction? Diane Coyle joins Kevin Coldiron to explore why GDP - long treated as a proxy for progress - now obscures more than it reveals. As economies shift toward services, intangibles, and unpaid digital labor, much of today’s value creation falls outside the frame. Drawing on her new book, The Measure of Progress, Coyle makes the case for a new way of seeing - one that captures time, trust, and the real foundations of growth. The question isn’t how fast we’re moving. It’s whether we’re measuring the right road.

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Episode TimeStamps:

02:19 - Introduction to Diane Coyle

03:55 - How did the current systems of national accounts came to be?

06:55 - Why the national statistics doesn't add up

11:22 - The underlying problems of GDP

18:42 - How software pose a problem for measuring GDP and economic activity

23:25 - The challenges of cloud computing

26:39 - What is disintermediation and why is it a problem for economic...

IL40: Why the Economy Feels Broken... Even When It’s Growing ft. Diane Coyle

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