The Leading Indicators: A Short History of the Numbers That Rule Our World
Categories: Business & Money
The Leading Indicators: A Short History of the Numbers That Rule Our World (2014) is a book by Zachary Karabell. Karabell traces the history of economic statistics such as GDP, inflation and unemployment, showing how they were invented and what they miss. He argues that policymakers and markets treat the numbers as more precise and reliable than their decimal points suggest.
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- Fareed Zakaria: “This week's book of the week is Zachary Karabell's "The Leading Indicators: A Short History of the Numbers that Rule Our World." This is a clever, entertaining and intelligent book that dissects the many statistics that we all rely on: GDP, unemployment, deficits. And it shows us how unreliable they all are, a very fun read.”