2 ms·
Yes, GDP is famously crap. It wasn't developed as a number to be maximised, and we've known it makes no sense to maximise it ever since it was developed. Samue
by gmac 3y ago
Yes, GDP is famously crap. It wasn't developed as a number to be maximised, and we've known it makes no sense to maximise it ever since it was developed.
Samuelson remarked along the lines that (old-fashioned gender roles alert) "if a man marries his maid, GDP falls".
Unfortunately, that hasn't stopped politicians and journalists using it to keep score.