The Big Mac Index – take II
A Keynian takes three hours of work to buy a Big Mac in his country, while an American can afford one with only ten minutes of work. “This analysis”:http://www.economist.com/markets/displayStory.cfm?story_id=2054313 based on its “Big Mac Index”:http://www.economist.com/markets/Bigmac/Index.cfm, appears in latest edition of “The Economist”:http://www.economist.com. Its a really effective illustration of the disparities in today’s world — much better than, say, the per capita income, as a measure of differences in the standard of living.