Emeritus Prof Christopher May on Nostr: This graphic (circulated by Bridget Doran on LinkedIn) neatly sums up the problem ...
This graphic (circulated by Bridget Doran on LinkedIn) neatly sums up the problem with the simple message that growth needs to be prioritised & measured via a nominal GDP measure.
In this sense it reflects a heckle reported by Anand Menon nearly a decade ago, during a lecture on GDP & the problems of growth:
'That’s your bloody GDP. Not ours'!
The simple truth that growth is unevenly distributed is often lost in policy discussions!
#economics #growth #inequality
Published at
2024-03-18 06:17:58Event JSON
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