Παρασκευή, Φεβρουαρίου 10, 2006

Economist v GDP

Economist v GDP: "
It seems like The Economist has been overtaken by the anti-GDP lobby: GDP provides a "grossly distorted picture" of the economy, and "it's high time that economists looked at more than just GDP." And that's just the title and header.
The article goes on to laud Going for Growth 2006, a recent OECD report, that includes a whole chapter on what we ought to do to improve GDP. Not much new here, but "nevertheless, the OECD is to be congratulated for being the first mainstream organisation to challenge the conventional GDP numbers. Its task now is to encourage governments to start producing more relevant statistics." Good luck with that.....
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