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Hmm. I think a lot of people are aware that GDP has its shortcomings. I think many would embrace a metric that fully captured well-being in an economic manner
by bengebre 17y ago
Hmm. I think a lot of people are aware that GDP has its shortcomings. I think many would embrace a metric that fully captured well-being in an economic manner, but I didn't see the author suggesting any new metric that we should be following instead. I think we use GDP because it's the easiest thing we can use that isn't subject to [much] interpretation. And yes, that sometimes leads to problems.