Financial Times FT.com

Your number’s up

By Tim Harford

Published: November 17 2007 00:15 | Last updated: November 17 2007 00:15

One thing you can rely on economists to generate is a big bunch of numbers. For that, you can blame a man named William Petty. He developed the first national income accounts, concluding in 1664 that English national income was £40m.

We rely on numbers like those calculated by Petty to help make policy decisions.

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