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Are there any GDP alternatives or variations that attempt to give more weight to socially-positive output and less weight to anti-social output?
by kaycebasques 9y ago
Are there any GDP alternatives or variations that attempt to give more weight to socially-positive output and less weight to anti-social output?
- ferongr 9y agoWhat is "socially-positive" output and who gets to decide that?
- naravara 9y agoWhatever consensus based decision making body your society uses to engage in collective action.
- emiliobumachar 9y agoWell, that would make it hard to impossible to compare different societies, or the same society at different times. Even if we ignore corruption and bad incentives, values change.
- naravara 9y agoSo change the metrics with them. Cross comparisons are certainly not that valuable if the metric you’re using to compare is motivating people to engage in maladaptive policy.
- mch82 9y agoUmair Haque proposed an option in his HBR essay “Betterness: Economics for Humans.” He uses the analogy that GDP is like the RPM gauge on a car, hard to use without the context of a speedometer. He proposes new measures to supplement GDP and help indicate if real wealth is being created. Not sure how these ideas have developed since 2010. https://www.amazon.com/Betterness-Economics-Humans-Kindle-Single-ebook/dp/B006K5K5GI https://www.amazon.com/Betterness-Economics-Humans-Kindle-Si...