4 ms·
GDP is an erroneous measure for what we're discussing and falls into the same recursive logic that is noted at the top of this comment chain a la broken window
by wu-ikkyu 8y ago
GDP is an erroneous measure for what we're discussing and falls into the same recursive logic that is noted at the top of this comment chain a la broken window fallacy.
If you blow up a tank, and then build a new one, this is considered a net gain in GDP even though in reality there was a relative net loss of human labor.