Tyranny of numbers

The gold standard to measure change in household welfare in Iran

Posted in Living standards, Sanctions by Djavad on February 24, 2019

The anniversary of the Islamic Revolution 40 years ago this month coincided with the deepest economic crisis Iran has experienced since the war with Iraq in the 1980s.  As top Trump administration officials, who wished the crisis on ordinary Iranians in the hope of enlisting their help in regime change, excitement among the Iranian opposition abroad is palpable.   The occasion has also stimulated discussion of success and failure of the revolution concerning a wide range of issues and metrics.  Much of the discussion involved comparison of living standards in Iran between now and in the 1970s (read my own comparison in Project Syndicate here.) (more…)