Category: Economics

Lower GDP, but Higher Quality of Life? 6

Lower GDP, but Higher Quality of Life?

It is time to put aside, explicitly and decisively, the objective of higher GDP. GDP measures quantity, not quality of production. GDP presumes that a growth in production is a growth in quality of life, when in fact we have reached a point that the opposite is true. Not even our current level of goods production can be sustained, much less continual increases.

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Are we Human, or are we Tweep?

In classical economics, humans engage in value transactions with an eye towards their own advantage.  A plausible and useful hypothesis.  Somehow presupposed is a value calculation, even if often based on fuzzy logic. Modern...