tag:blogger.com,1999:blog-2830084253401570472.post5115408156854736111..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: GDP isn't everything...Eric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2830084253401570472.post-45145718684298042782012-06-08T12:12:51.146+12:002012-06-08T12:12:51.146+12:00Seems to me that the countries that are most eager...Seems to me that the countries that are most eager to pooh-pooh GDP as a measure of wellbeing are generally the ones failing to grow it.Miguel Sancheznoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-35136961895464734142012-06-08T10:20:27.971+12:002012-06-08T10:20:27.971+12:00I think AntiDismal is checking with Les about whet...I think AntiDismal is checking with Les about whether he's been quoted saying something stronger than he'd intended.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-25306000539378540902012-06-08T09:37:51.992+12:002012-06-08T09:37:51.992+12:00I'm a bit surprised -- I didn't know that ...I'm a bit surprised -- I didn't know that Les had gone down this road. I have some sympathy with the ideas that 'it measures the wrong things' and 'it doesn't measure everything'. But still, like you point out, it works pretty well as an indicator. And, it correlates with the observed behaviour that people _are_ taking productivity gains as higher earnings and consumption, not as greater leisure.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-74879361355779320982012-06-08T09:18:50.230+12:002012-06-08T09:18:50.230+12:00I suppose the best answer back is that if GDP is j...I suppose the best answer back is that if GDP is just a correlate of a bucket of good stuff, why not look at the good stuff directly? Except that if it's GDP that generally causes the bucket of good stuff, a GDP measure helps us in keeping the eye on the ball.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-56084598626730825702012-06-08T09:16:53.686+12:002012-06-08T09:16:53.686+12:00Ha! Thanks.Ha! Thanks.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-30759093209691656792012-06-08T09:12:25.907+12:002012-06-08T09:12:25.907+12:00Eric, your post is missing a rather important &quo...Eric, your post is missing a rather important "t". Either that or you linked to the wrong GapMinder graph.Scottnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-28219854639211767252012-06-08T08:31:41.446+12:002012-06-08T08:31:41.446+12:00The other thing you have to ask is What do these p...The other thing you have to ask is What do these people plan on replacing it with and how is it that this replacement isn't even more flawed than GDP?Paul Walkerhttps://www.blogger.com/profile/13731003529546075700noreply@blogger.com