Silverbird
Well-known member
Is GDP An Obsolete Measure of Progress?
[I'm not a fan of Time Magazine, but a good overview of the problems with GDP here]
"....Since it became the prime economic indicator during the Second World War (to monitor war production) many have criticized policy-makers' reliance on the GDP — and proposed substitute measures...."
Read more: http://www.time.com/time/business/article/0,8599,1957746,00.html
[Genuine Progress Indicator? Human Development Index? Happy Planet Index??? I just can't see these catching on?:toung: But seriously, always know what you are mesuring - even if the data is pristine (good luck!) if you aren't measuring the right thing, you won't get anything usable out the other end.]
[I'm not a fan of Time Magazine, but a good overview of the problems with GDP here]
"....Since it became the prime economic indicator during the Second World War (to monitor war production) many have criticized policy-makers' reliance on the GDP — and proposed substitute measures...."
Read more: http://www.time.com/time/business/article/0,8599,1957746,00.html
[Genuine Progress Indicator? Human Development Index? Happy Planet Index??? I just can't see these catching on?:toung: But seriously, always know what you are mesuring - even if the data is pristine (good luck!) if you aren't measuring the right thing, you won't get anything usable out the other end.]
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