27 ms·

Could you suggest better metric than GDP per capita?

• aloneinkyoto 16y ago
  Human development index (HDI) Genuine progress indicator (GPI) Index of Sustainable Economic Welfare (ISEW) Gross national happiness (GNH) The Gini coefficient Just to name a few. None of which is perfect, but at least better than the GDP when it comes to actually saying something about the quality and state of an economy.
  • anamax 16y ago
    > The Gini coefficient Why do I care how much someone else has?
    • aloneinkyoto 16y ago
      Rich man in a ghetto or rich man among friends. Pick one.
      • anamax 16y ago
        > Rich man in a ghetto or rich man among friends. Pick one. Rich people don't live in ghettos - that's why ghettos have a very "good" Gini coefficient. (Ghettos would be better off if they did have rich residents.) I didn't hate rich folks when I lived in a ghetto. Was I doing something wrong?
        • deleted 16y ago
          [deleted]