1 99:59:59,999 --> 99:59:59,999 On the fourth of January, 1934, 2 99:59:59,999 --> 99:59:59,999 A young man delivered a report 3 99:59:59,999 --> 99:59:59,999 to the United States Congress 4 99:59:59,999 --> 99:59:59,999 that 80 years on, 5 99:59:59,999 --> 99:59:59,999 still shapes the lives of everyone in this room today. 6 99:59:59,999 --> 99:59:59,999 Still shapes the lives of everyone on this planet. 7 99:59:59,999 --> 99:59:59,999 That young man wasn't a politician, 8 99:59:59,999 --> 99:59:59,999 he wasn't a businessman, 9 99:59:59,999 --> 99:59:59,999 a civil rights activist, 10 99:59:59,999 --> 99:59:59,999 or a faith leader. 11 99:59:59,999 --> 99:59:59,999 He was the most unlikely of heroes, 12 99:59:59,999 --> 99:59:59,999 an economist. 13 99:59:59,999 --> 99:59:59,999 (Laughter) 14 99:59:59,999 --> 99:59:59,999 His name was Simon Kuznets 15 99:59:59,999 --> 99:59:59,999 and the report that he delivered was called, 16 99:59:59,999 --> 99:59:59,999 "National Income, 1929-32" 17 99:59:59,999 --> 99:59:59,999 Now, you might think that 18 99:59:59,999 --> 99:59:59,999 this is a rather dry and dull report, 19 99:59:59,999 --> 99:59:59,999 and you're absolutely right. 20 99:59:59,999 --> 99:59:59,999 It's dry as a bone. 21 99:59:59,999 --> 99:59:59,999 But this report is the foundation 22 99:59:59,999 --> 99:59:59,999 of how, today, we judge the success of countries. 23 99:59:59,999 --> 99:59:59,999 What we know best as Gross Domestic Product, 24 99:59:59,999 --> 99:59:59,999 or GDP. 25 99:59:59,999 --> 99:59:59,999 GDP has defined and shaped our lives 26 99:59:59,999 --> 99:59:59,999 for the last 80 years. 27 99:59:59,999 --> 99:59:59,999 And today I want to talk about 28 99:59:59,999 --> 99:59:59,999 a different way to measure the success of countries.