Friday, March 17, 2017

To GDP or not to GDP, that is the question.

Interesting piece related to a new book of course, well why not, world always needs another book to two!

"For Greenspan, the point was that one must not confuse GDP with welfare, something that has increasingly occurred. But for sceptics such as Lorenzo Fioramonti, a professor of political economy at the University of Pretoria, this kind of mild criticism only scratches the surface. In The World After GDP, he argues that the measure is not only a distorted mirror in which to view our increasingly complex economies, but also an impediment to building better societies."

Not forgetting the famous Robert Kennedy speech which you can search for on my blog from a previous post!

It is said that Einstein kept a sign in his office that read, "Not everything that counts can be counted, and not everything that can be counted counts."


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