Measuring the Economy in the Digital Age

When GDP was created it was considered one of the greatest inventions of its time. Whilst it has always garnered some degree of criticism, the rapid emergence of new technologies in recent years has only increased skepticism towards this economic tool. In particular, the 'sharing economy', as well as the relatively wide-range of free goods and services that are available has raised questions about the accurateness of GDP. Ultimately, there is a strong argument in favor of re-addressing how this tool is compiled and how it is used.