Mismeasurement of America

The Mismeasurement of America explores how misleading economic statistics have shaped public perception and policymaking, often causing Americans to feel left behind despite indicators of growth. Drawing on research by the Ludwig Institute for Shared Economic Prosperity, former US Comptroller of the Currency Gene Ludwig examines how outdated definitions of unemployment, wages, and inflation distort our understanding of economic reality. The book proposes new ways to measure the economy accurately, aiming to help preserve the American dream through better data.