There are a lot of people criticizing GDP these days as they claim it doesn't measure important things, the article talk about what GDP actually is, and what it indirectly captures.
Posted by mostanonymousnick
There are a lot of people criticizing GDP these days as they claim it doesn't measure important things, the article talk about what GDP actually is, and what it indirectly captures.
Posted by mostanonymousnick
2 Comments
GDP is outmoded in the current context, the only figure that matters is the MPI (My Priors Index,) which properly accounts for everything that matters and excludes every misleading datapoint.
> The only number that really matters
> The critics position themselves as revealing that we need multiple measures, but no country has ever made decisions based solely on GDP growth. Governments do also pay attention to these other issues.
Wow, it almost sounds like other numbers matter too.