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Some of our finest [ about ] Approved Articles Developed Articles (over 800) Share your knowledge. It's a way to achieve immortality. —Often attributed to the Dalai Lama Article of the Week [ about ] Gross Domestic Product (GDP) is a total of the outputs recorded in a country’s national income accounts. It is the best-known of such totals, and estimates of its growth rate are widely used as indicators of the prospects of inflation or unemployment. GDP per capita (that is, divided by total population) is the most frequently used measure of a country's or region's level of economic development. For alternative measures, see Human Development Index. Gross domestic product is the principal summary statistic of national income accounts. The current practice of national income accounting was developed during the Second World War by Richard Stone and James Meade at the instigation of John Maynard Keynes while they were working as civil servants in the British Cabinet Office. In his 1984 Nobel prize lecture, Richard Stone ascribes the origins of the concept to essays by William Petty in 1664 and Richard Gordon in 1802, and reproduces their estimates for the English economies of their times. [more...] New Draft of the Week [ about ] Henry Kissinger (1923- ), American exponent of "realism" in foreign policy; he dominated in the Nixon and Ford administrations as National Security Adviser and Secretary of State. He won the 1973 Nobel Peace Prize for reaching a peace that ended the Vietnam War. In close collaboration with Nixon, he created a détente policy that called for an end to the Cold War and for friendly relations with both the Soviet Union and China. [more...]