The global economy is a human construct--a tool. And every so often, it gets radically updated, as it did after World War II at the historic Bretton Woods conference, where a new global monetary and financial architecture was laid down.

Already, economists at governments, universities, and international agencies are hard at work laying the groundwork for the next global economy. Its contours? New systems of national accounts that explicitly count not just gross product, but the full spectrum of wealth creation.

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