The Measure of Progress: Counting What Really Matters (with Diane Coyle)

Pitchfork Economics with Nick Hanauer · Nov 18, 2025 · 36m

For nearly a century, GDP has been the world’s go-to measure of economic success—but what if it’s been telling us the wrong story? It treats cigarette sales and cancer treatments as equally “good” for the economy, while caring for your kids, volunteering, or creating art don’t count at all. This week, economist Diane Coyle joins Nick and Goldy to discuss her new book, The Measure of Progress, and explain why GDP increasingly fails to capture the reality of modern economies—and how we can measure real progress instead.

Diane Coyle is the Bennett Professor of Public Policy at the University of…