Tuesday, June 01, 2004


Corruption Index

We are periodically bombarded with news about various economic indicators, such as the Consumer Price Index (CPI), the Producer Price Index (PPI), housing starts, unemployment rate, the Gross Domestic Product (GDP), etc.

Another indicator which we never hear about in the news was defined by Thomas Jefferson, Notes on Virginia, Query XIX:
Generally speaking, the proportion which the aggregate of the other classes of citizens bears in any state to that of its husbandmen, is the proportion of its unsound to its healthy parts, and is a good-enough barometer whereby to measure its degree of corruption.
"Husbandmen" are of course farmers. We could call this indicator the Corruption Index (CI). It would be interesting to see a graph of it, from Jefferson's day to our own.

<< Home
Newer›  ‹Older

This page is powered by Blogger. Isn't yours?