To steel man GP: pareto efficiency[1] is a model which can both tell you if GDP is too low and too high... the thing I like about it most is that rather than a

To steel man GP: pareto efficiency[1] is a model which can both tell you if GDP is too low and too high... the thing I like about it most is that rather than a simple metric over the aggregate actions of everyone, it considers individual decisions and individual needs. It respects property rights for example, which "GDP good" doesn't (though a "long term GDP good" position probably does). [1] https://en.wikipedia.org/wiki/Pareto_efficiency https://en.wikipedia.org/wiki/Pareto_efficiency