4 ms·
GDP is a technical concept. There's no other meaningful way to be correct about it besides technically. It's like saying, yeah, you might be technically correc
by anm89 4y ago
GDP is a technical concept. There's no other meaningful way to be correct about it besides technically.
It's like saying, yeah, you might be technically correct about the mass of an electron but i was just saying anecdotally. There is no reason to ever talk about that that isn't technical.
>I could make a $1 widget, then the two of us could exchange it back and forth to produce an arbitrarily High Gdp.
This isn't kind of sort of correct if you look from a different angle or something. It's wrong. Its always wrong. It's wrong in every context. It's 1+1 = 17 wrong.
It's okay to admit when you are wrong.
- s1artibartfast 4y agoDo you have anything to say about my greater point, which I think is still meaningful? >That said, the point that I was trying to get across was the decoupling of GDP from what most people would consider material well being. I readily admit that I used a bad example in my response post, and even added an edit admitting so much in the original. >GDP is a technical concept. There's no other meaningful way to be correct about it besides technically. There is a concept and then there is practice, and they do not always align.