Persuasion is now 30 per cent of US GDP
AbstractPersuasion is the common thread in almost all voluntary transactions. With persuasion’s footprint in the modern economy substantial and growing, this paper briefly scans the recent literature and suggests the McCloskey-Klamer estimate of the persuasion content of GDP could now be higher.
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Bibliographic InfoArticle provided by Treasury, Australian Government in its journal Economic Roundup.
Volume (Year): (2013)
Issue (Month): 1 (April)
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
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- Stergios Skaperdas & Samarth Vaidya, 2008.
"Persuasion as a Contest,"
2008_07, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
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