How Numbers Rule the World: The Use and Abuse of Statistics in Global Politics (Economic Controversies)

In this eye-opening book, Lorenzo Fioramonti provides a much-needed critique of the current 'data fever', showing both the direct consequences and indirect implications of the increasing power of numbers. At the same time, it investigates innovative attempts to resist the invasion of mainstream statistics by providing alternative measurements or rejecting quantification altogether. An innovative and timely exposé of the politics, power and contestation of numbers in everyday life. Read more... Abstract: In this eye-opening book, Lorenzo Fioramonti provides a much-needed critique of the current 'data fever', showing both the direct consequences and indirect implications of the increasing power of numbers. At the same time, it investigates innovative attempts to resist the invasion of mainstream statistics by providing alternative measurements or rejecting quantification altogether. An innovative and timely exposé of the politics, power and contestation of numbers in everyday life Whether we like it or not, numbers run our lives. Every day, our consumption patterns, educational choices and even sexual preferences are translated into statistics. Entire countries' economies depend on ratings formulated by private agencies. These numbers, figures and data are powerful because they are perceived to be an objective representation of reality. But is this really so? In this eye-opening book, Lorenzo Fioramonti argues that, contrary to what many believe, numbers are constructs that can be easily manipulated to serve the interests of political elites and proponents of market fundamentalism. Drawing on a wide variety of case studies - from credit rating agencies to carbon trading, climate change to development spending - Fioramonti provides a much-needed critique of the current 'data fever', showing both the direct consequences and indirect implications of the increasing power of numbers. At the same time, it investigates innovative attempts to resist the...

Numbers dominate global politics and, as a result, our everyday lives. Credit ratings steer financial markets and can make or break the future of entire nations. GDP drives our economies. Stock market indices flood our media and national debates. Statistical calculations define how we deal with climate change, poverty and sustainability. But what is behind these numbers?In How Numbers Rule the World, Lorenzo Fioramonti reveals the hidden agendas underpinning the use of statistics and those who control them. Most worryingly, he shows how numbers have been used as a means to reinforce the grip of markets on our social and political life, curtailing public participation and rational debate.An innovative and timely exposé of the politics, power and contestation of numbers.

Numbers dominate global politics and, as a result, our everyday lives. Credit ratings steer financial markets and can make or break the future of entire nations. GDP drives our economies. Stock market indices flood our media and national debates. Statistical calculations define how we deal with climate change, poverty and sustainability. But what is behind these numbers? In How Numbers Rule the World, Lorenzo Fioramonti reveals the hidden agendas underpinning the use of statistics and those who control them. Most worryingly, he shows how numbers have been used as a means to reinforce the grip of markets on our social and political life, curtailing public participation and rational debate. An innovative and timely exposé of the politics, power and contestation of numbers.