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US Economy and Stimulus

Mar 03, 2009 5:32 pm

re: re: re: US Economy and Stimulus - another model?

Thomas Holford

Kenneth sayeth:

> The better path for our society is to turn away from of the GDP-focused model of relentless economic growth—which comes at a steep cost to human health and well-being, and to the environment—and toward a renewed emphasis on real wealth.

GDP is an aggregate measure, in a market economy, of the combined decisions of 300 million or so independent economic players in the economy.

HDI is an artificial numerical calculation invented by a social theoretician sitting at a desk in a windowless government office with poor ventilation.

HDI measures the values and perceptions that are in a bureaucrat's head; it does not measure reality.

T. Holford

Private Reply to Thomas Holford (new win)

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