Gross Domestic Politics
Some new guys on the block, Stiglitz, Sen and Fitoussi, just let us know that the GDP doesn’t represent the economy correctly: it may be leaving out the world.
“Choices between promoting GDP and protecting the environment may be false choices, once environmental degradation is appropriately included in our measurement of economic performance.”
Indeed. So once a controversy is “appropriately” built into the measuring device, beyond politics, no arguing is necessary. Same old game.