3 ms·

Musing for a minute, I wonder if there's a way to create an anti-GDP and subtract them? Something like GDP - (Sickness, Mental Health Therapy, Fixing broken wi

• RaoulP 3y ago
  Interesting thought!
• mantas 3y ago
  Some people will claim that fixing broken windows and therapy session just generates GDP! Yay for booming stock market lead by therapists and window installers...
• graemep 3y ago
  It is an interesting idea. It might be possible to improve measures by subtracting some things that can be adjusted for that are harmful. There are lots of problems though - for example, higher expenditure on health might be a result of worsening mental health (bad), or better provision of services (good). That still does not solve the underlying problem. The aim of an economy is to maximise utility (vaguely defined as happiness, satisfaction with life) or more meaningfully defined as an individual's preferences, The problem is that we cannot meaningfully aggregate this across individuals to maximise for the whole economy.