The Importance of Economic Data

The fine art of reading financial accounts and balance sheets by Peter van de Ven, OECD Statistics and Data Directorate

http://oecdinsights.org/2018/04/10/the-fine-art-of-reading-financial-accounts-and-balance-sheets/

Interesting quote:

“Back in 1777, David Hume started his Essays on Commerce and Trade with a surprising warning that can apply to the intricacies (and importance) of financial accounts: “The greater part of mankind may be divided in two classes, that of shallow thinkers who fall short of the truth; and that of abstruse thinkers who go beyond it. The latter class are by far the most rare and, I may add, the most useful and valuable.”