Just Another Vocation for Ndemo

Bitange Ndemo's piece on inclusive growth indicates that GDP "has not been a good measure of inclusivity". I didn't know that GDP had such a role in the first place; even a first year economcs student can tell you it doesn't. But trust Bitange who, in his other vocation of pseudo economic punditry, is keen to sound profound. I take no risk in the bet that Bitange has not read Thomas Piketty's Capital in the Twenty-First Century (I'd be happy to lend a copy). Otherwise he could have been persuaded to take a different approach - underpinned by the sources and consequences of inequality. So here we are celebrating the dubious Forbes Magazine's ranking of Africa's richest and then we turn the corner and cry about lack of inclusivity in ther GDP numbers!