WEBVTT 99:59:59.999 --> 99:59:59.999 On the fourth of January, 1934, 99:59:59.999 --> 99:59:59.999 A young man delivered a report 99:59:59.999 --> 99:59:59.999 to the United States Congress 99:59:59.999 --> 99:59:59.999 that 80 years on, 99:59:59.999 --> 99:59:59.999 still shapes the lives of everyone in this room today. 99:59:59.999 --> 99:59:59.999 Still shapes the lives of everyone on this planet. 99:59:59.999 --> 99:59:59.999 That young man wasn't a politician, 99:59:59.999 --> 99:59:59.999 he wasn't a businessman, 99:59:59.999 --> 99:59:59.999 a civil rights activist, 99:59:59.999 --> 99:59:59.999 or a faith leader. 99:59:59.999 --> 99:59:59.999 He was the most unlikely of heroes, 99:59:59.999 --> 99:59:59.999 an economist. 99:59:59.999 --> 99:59:59.999 (Laughter) 99:59:59.999 --> 99:59:59.999 His name was Simon Kuznets 99:59:59.999 --> 99:59:59.999 and the report that he delivered was called, 99:59:59.999 --> 99:59:59.999 "National Income, 1929-32" 99:59:59.999 --> 99:59:59.999 Now, you might think that 99:59:59.999 --> 99:59:59.999 this is a rather dry and dull report, 99:59:59.999 --> 99:59:59.999 and you're absolutely right. 99:59:59.999 --> 99:59:59.999 It's dry as a bone. 99:59:59.999 --> 99:59:59.999 But this report is the foundation 99:59:59.999 --> 99:59:59.999 of how, today, we judge the success of countries. 99:59:59.999 --> 99:59:59.999 What we know best as Gross Domestic Product, 99:59:59.999 --> 99:59:59.999 or GDP. 99:59:59.999 --> 99:59:59.999 GDP has defined and shaped our lives 99:59:59.999 --> 99:59:59.999 for the last 80 years. 99:59:59.999 --> 99:59:59.999 And today I want to talk about 99:59:59.999 --> 99:59:59.999 a different way to measure the success of countries.