Objectively calculating wealth in Europe
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Abstract
Measuring the wealth of a nation over a period of time is a difficult problem from a statistical point of view, both because of the general irregularity of available data as well as because of the relatively subjective nature of the concept of wealth in a general sense. This article proposes a mathematical technique based on some simple concepts that affords a partial solution to the problem at hand. Despite its simplicity, the method is quite visual, sufficiently precise and extraordinarily versatile.
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