Great post, though I disagree with GDP being discredited.
GDP is the output of an economy, specificly defined. It isn't well-being, or some measure of how great a country is. It has a use for comparing countries in certain contexts. Nothing more, nothing less.
I'm frankly surpsied at the number of posters coming out against "measurement" on a board that claims to be science and engineering oriented.
GDP is the output of an economy, specificly defined. It isn't well-being, or some measure of how great a country is. It has a use for comparing countries in certain contexts. Nothing more, nothing less.
I'm frankly surpsied at the number of posters coming out against "measurement" on a board that claims to be science and engineering oriented.