Economists must learn to subtract (Adbusters)

GDP adds up economic ‘goods’ and ‘bads’. This video argues that economists must learn to subtract the ‘bads’ (what Herman Daly call uneconomic growth, seeĀ Growth versus development (Herman Daly)). For an attempt to adjust the GDP index, seeĀ The Genuine Progress Indicator, an alternative to GDP (Ron Colman).

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>