Are you miserable? Jamaica has been ranked as the ninth most miserable country in the world on Cato’s Misery Index 2014.

But for sociologist Dr Orville Taylor, the method of measurement that is used for ranking is inadequate.

The index ranks 108 countries based on data from the Economist Intelligence Unit and calculations from Steve Hanke, a professor of applied economics at Johns Hopkins University. Hanke factors in inflation, lending rates, unemployment, and gross domestic product (GDP) per capita when making calculations to determine ‘misery’.

However, because of the lack of “Non-economic” factors considered, Taylor argues that it is a flawed measure of development that shows how inadequate economics is as a science in explaining social phenomena.


Are you #EconomicallyMiserable, or do you think that despite the economic indicators there is still #LivityInJamaica?

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