Stephen E Philion GDP is unscientific and unfair for poor people.

Doug Henwood dhenwood at
Mon Aug 30 07:06:34 PDT 1999

chang wrote:

>Why economists all over the world still use Gross Domestic Product
>to judge the
>economic growth of a certain country and, according to this GDP,
>calculate this
>country's economic growth rate?

GDP measures the production of goods for market and their sale. It's not meant to say anything about the distribution of income or the level of human happiness, though sometimes people take it to be so. What's your point?


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