Date: 2025-01-15 Page is: DBtxt003.php txt00017282
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A TPB comment about GDP
A TPB comment about GDP
My economics education goes back to around 1960. GDP had its origins in the 1930s and the economics of the Great Depression. Kuznits and Keynes and Robert Kennedy all wanted something better than GDP as the core metric for economic performance but many in the business and financial establishment love the GDP construct because it aligns with profit maximization better than a more reasoned metric would do. Funny thing ... but not a surprise!
Peter Burgess