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Yves here. Sundaram discusses how the obsession with metrics, a long standing favorite topic of ours (see Management’s Great Addiction) produces policies that give short shrift to the poor and poor countries. One of the big fallacies is treating money as the measure of the value and quality of life. For instance, reducing the instance of cancer is worth more in rich countries because their lives are valued more highly in these models. Similarly, they often fall back on unitary measures like lifespan, and so don’t capture outcomes like diets heavy in low nutrient foods (think simple sugars) producing higher rates of non-communicable diseases and hence less healthy citizens

United statesCity ofUnited kingdomJomo kwame sundaramInternational monetary fundUn development decadesWorld bankUnited nationsEconomic developmentSustainable development goalsDevelopment discourseMillennium development goalsGreat addictionUnited nations assistant secretary generalWassily leontief prizeSoviet cold war