“ Many ecological economists posit that this is because GDP treats everything with a price as contributing positively to society. Again, this comes down to the assumption that all prices reveal utility. If machine guns sell for the same price as MRI machines, neoclassical theory tells us that both contribute the same utility to society.”
At the head of this thread is linked to what I consider to be a classic critique of GDP as well as inflation.
GhostOnTheHalfShell /
npub1z3…rtxvc
2025-03-12 19:33:50
in reply to nevent1q…6tj7
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npub1z3lxxu5tmqxp8vhd3tny9f0nqp5dljpynh9j6gzgeyes2ukmz0kq0rtxvcPublished at
2025-03-12 19:33:50Event JSON
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