Saturday, 15 July 2023

Simon Kuznets, the inventor of the concept of GDP, noted in his first report to the US Congress in 1934:

the welfare of a nation can scarcely be inferred from a measure of national income.[3]

In 1962, he also wrote:

Distinctions must be kept in mind between quantity and quality of growth, between costs and returns, and between the short and long run...Goals for more growth should specify more growth of what and for what.[4]

Wiki

 

at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Patronizing behavior stems from a complex mix of social dynamics, power imbalances, and individual insecurities. It can be subtle or overt, ...

  • (no title)
        Like a Tangled Mobile A susceptibility to the appeal of authoritarian irrationalism has become part of what it means to be a modern pers...
  • Fight, flight or freeze
    Why are you standing on hot coals? So called civil society is hostile to every form of life. It's not just genocidal, it's geocidal....
  • (no title)
     '' So long as community always attests to a constituent body, it attests to the carnage that keeps it firmly   intelligible.  As Be...