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> "A better life for everyone" is economic growth, by definition (the creation of more value - whether tangible or not - given access to the same limited input
by danmaz74 11y ago
> "A better life for everyone" is economic growth, by definition (the creation of more value - whether tangible or not - given access to the same limited input resources).
But GDP only measures value that gets traded for money, not all value created. For example, if I care for my child at home for free, I'm creating value that isn't measured in the GDP. If instead I send my child to a child care facility, that is measured.