Not GDP...?

[dewline]

GDP might be the wrong thing to watch?

https://www.scientificamerican.com/article/gdp-is-the-wrong-tool-for-measuring-what-matters/

Comments

[cynthia1960]

Great article, thanks for the link.

[sabotabby]

If you're interested, I can tell you about a game I do with my kids about why GDP is a flawed measure of prosperity.

[dewline]

I'm thinking that you might have already mentioned that one...?

[sabotabby]

It's called the Game of Oligarchy. Essentially the starting position (everyone has $100, and you bet on the outcome of coin tosses) and ending position (one or two people have $500-600, most people have nothing) have the same GDP.

[kmusser]

My take on the GDP is that it is a good measure for the overall size of an economy, but not its health, it really doesn't say anything about how well that economy is doing.

[dewline]

I'm inclined to agree with you on this point.