Yes, there is also this nice story to illustrate this: Two economists are walking in a forest when they come across a pile of shit. The first economist says t

Yes, there is also this nice story to illustrate this: Two economists are walking in a forest when they come across a pile of shit. The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit. They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit. Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!" copied from: https://news.ycombinator.com/item?id=37395566 https://news.ycombinator.com/item?id=37395566 (but they probably also copied it from somewhere)