Measuring productivity in the modern economy
Productivity Puzzles Season 1, Episode 7 was released on Wednesday, 9 September 2021
The one big question anyone working on productivity issues gets most is: how do you actually measure it? How do we count what we make? And can we capture everything needed to produce products and services? And can economists and statisticians keep up with the rapid changes in today’s modern economy?
Our guests discuss productivity measurement from the widget counting days of economist founding father Adam Smith to today’s methods that include the service economy, new technologies, worker well-being and the environment.
About our guests
- Josh Martin is the Head of Productivity for the Office for National Statistics, a key provider of UK’s productivity statistics, and a partner of TPI in improving our understanding and measurement of productivity.
- Rebecca Riley is Professor of Practice in Economics, King’s Business School at King’s College London and Director of Economic Statistics Centre of Excellence (ESCoE), both partners of TPI. She has written extensively on UK productivity performance and labour market policy and been an external advisor to several government departments and public bodies, including the Department for Work and Pensions and the Office for National Statistics.
- Jonathan Haskel, is Professor of Economics at Imperial College Business School and an External Member of the Monetary Policy Committee at the Bank of England. His main research interests are productivity, innovation, intangible investment and growth.
- Read the transcript
Catch up on our past episodes here:
