Economists have got GDP calculations wrong for years - here's why

May 23, 2019

People look at their mobile phones at Piccadilly Circus in London, Britain October 6, 2016. REUTERS/Stefan Wermuth SEARCH "WERMUTH PHONES" FOR THIS STORY. SEARCH "THE WIDER IMAGE" FOR ALL STORIES.? - RC1F7BC92590

With the advent of smartphones, digital goods have become a bigger share of where we get our value. Image: REUTERS/Stefan Wermuth

Erik Brynjolfsson

Jerry Yang and Akiko Yamazaki Professor; Director, Digital Economy Lab, Stanford University

Ceri Parker

Previously Commissioning Editor, Agenda, World Economic Forum

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Counting the cost: A table showing what people would least want to live without, from top to bottom Image: PNAS, Erik Brynjolfsson, Avinash Collis, and Felix Eggers

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