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Measuring the Economy with a Broken Ruler | 27 comments (27 topical, 0 editorial, 0 hidden)
Its not a broken ruler ... (4.00 / 2)
... what's broken is people trying to use a ruler to measure mass, or volume.

It measures what it measures, and what it measures is something that bears measuring. Its those who treat it as if it was a measure of standard of living who are in error ... so what is broken are the (social) institutions governing the use of GDP in public discourse.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Feb 25th, 2009 at 04:43:07 PM EST

Others have rated this comment as follows:

melo 4
JakeS 4

Measuring the Economy with a Broken Ruler | 27 comments (27 topical, 0 editorial, 0 hidden)
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