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The Cost of 'Reform' | 21 comments (21 topical, editorial, 0 hidden)
Re: Another cost (none / 0)
In other words, when all of GDP growth accrues to the top few percent of the wealthiest people, does that mean that just GDP growth is not a sufficient criterion for good policy?

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Wed Apr 9th, 2008 at 06:36:45 AM EST
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Re: Another cost (none / 1)
It's interesting to note that GDP was developed as a policy tool just as inequality was quickly decreasing and about to remain constant for quite some time, in the 30's and 40's

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Wed Apr 9th, 2008 at 06:43:30 AM EST
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Re: Another cost (none / 0)
It means that GDP is a useless way of measuring prosperity as long as there is huge inequality.

On the other hand, we were taught that as early as in elementary school.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Apr 9th, 2008 at 02:40:40 PM EST
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The Cost of 'Reform' | 21 comments (21 topical, 0 editorial, 0 hidden)
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