1 janv. 1974 - In the 30 or so years after the
Second World War, reporting
GDP was a recurring triumph,
especially in the West. It was the
“Golden Era of Capitalism” in
America, the “Wirtschaftswunder”
in Germany, and the “Trente
Glorieuses” in France. Nominal
GDP growth could reach 10% or
more, and in real, inflation-adjusted
terms still often topped 5%. But
there is a painful end to this story,
and we could have foreseen
it had we better listened to
Kuznets himself.