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The Invention Of 'The Economy'

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Planet Money : #522: The Invention Of 'The Economy' Image

A bread line forms outside of the Rescue Society in New York City in 1929. “Brother, Can You Spare a Dime?” directly confronted the hardship of the Great Depression.

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A hundred years ago, nobody talked about "the economy." That's because easy ways to measure and talk about it hadn't been invented. On today's show: how we started boiling nations down to a number.

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