Friday, April 15, 2011

Why, in fact, should economists be the only ones empowered to define what a society's wealth is? It is certainly useful to know what a society produces, but it's a bit stunted: GDP tells us nothing about our social health, no more than it informs us about the attacks on the environment and the explosion of inequality. With so many blind spots, it will become difficult to avoid catastrophe. (From And if we were to change ...everything.)

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