AIC L03 Indices

Arid In-Class Lec 03: Arbitrary Measures

Corruption Indices -- What do they mean?, Why do they measure this?

Human Development Index -- What does it do? Why was it developed?

Multidimensional Poverty -- What is it? Why was it introduced?

When rankings are ARBITRARY, WHY do we do them?

SURELY, it is MEANINGFUL to say USA is wealthier than Pakistan?

SURELY, it is MEANINGFUL to say USA is more developed than Pakistan?

Try to explain why these things are not meaningful. NUMBERS are used to measure thing which cannot be measured. View ANGUS DEATON on the political economy of measurement