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That's true, but it's a separate point. GNP doesn't pretend to measure wealth distribution, it's a broad measure of the strength of an economy.

I would like to see a proposal for a set of statistics that SHOULD be used.

by asdf on Mon Oct 31st, 2005 at 12:41:01 PM EST
[ Parent ]
Your point was:

But the vast majority of people, in America, in Europe, and in South Asia and Africa, want MORE STUFF. That's how they measure personal happiness. That's the sad fact, and until you figure out how to change it, the PPP per-capita GNP figure is the most accurate way to measure what people want.

GNP has very little to do with the power of "the people" to buy stuff. That is the point. It's a crap way of measuring what you suggested: Migeru suggested that, if you want to measure the ability of people to buy stuff then median income, PPP adjusted, is a good metric.

by Colman (colman at eurotrib.com) on Mon Oct 31st, 2005 at 12:56:03 PM EST
[ Parent ]


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