Advocates of the Genuine Progress Index argue that traditional measures of our economic health, mainly the Gross Domestic Product (GDP), mislead us by mixing up good spending (on the likes of lobster, turnips, and bicycles) with bad (on oil spills, crime, and car crashes), and because it fails to account for depletion of natural resources. Those critiques, while valid and important, don't completely obviate the relevance of GDP. A new chart from Gapminder (previously mentioned in one of my all-time favorite Contrarian posts), shows that higher GDP per person equals longer life: The trend is unmistakable, and at first glance, the...

One of the great things about running a blog is that when you write about something interesting that you know little about, readers rush in with a wealth of further information. Contrarian friend Andrew Weissman directed us to an extraordinary TED talk by Hans Rosling illustrating the phenomenal potential of the digital graphs we touched on this morning. Rosling is a professor of international medicine at Sweden's Karolinska Institutet (the organization that hands out the Nobel Prize for Medicine). He discovered Konzo, a previously unknown paralytic disease associated with hunger in Africa. He also co-founded the Gapminder Foundation, which developed the...