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An Atlantic article from a while back (DeAnander posted the link here) has a swipe at the golden calf of GDP. It can be read here.

Quick quote:

By itself the GDP tells very little. Simply a measure of total output (the dollar value of finished goods and services), it assumes that everything produced is by definition "goods." It does not distinguish between costs and benefits, between productive and destructive activities, or between sustainable and unsustainable ones. The nation's central measure of well being works like a calculating machine that adds but cannot subtract. It treats everything that happens in the market as a gain for humanity, while ignoring everything that happens outside the realm of monetized exchange, regardless of the importance to well-being.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 14th, 2005 at 10:59:19 AM EST
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