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Podcast: New Books in Economic and Business History
Episode: Global Inequality: Are We Really Measuring What We Should Be Measuring?
Description: In this episode of International Horizons, RBI director John Torpey interviewed Jayati Ghosh, professor of economics at the University of Massachusetts at Amherst, about different debates surrounding inequality. Ghosh criticizes the flaws in some inequality indicators that are focusing only on measuring how the poor are doing and not on how the rich are getting richer, or other indicators that exaggerate the performance of the poorest vis-a-vis the richest. Other indicators such as nutrition are misleading, she argues, because governments are focusing on what people are eating and not on the outcomes such as body mass index, anemia or d...