The ‘values-free’ GDP

Teaching students at Singapore Management University this month, into November. Today’s session was on Macro-economic concepts. Came across a review of the book, ‘The Little Big Number: How GDP Came to Rule The World and What To Do About It’ by Dirk Philipsen (Princeton University Press) recently. You can find it here.

The reviewer had cited these lines from the book. Great lines:

a pill-dependent smoker who, on the way to his divorce lawyer, crashes his oversized car into a school bus because he is texting about an impending derivatives trade

All of these activities boost GDP!

I had already blogged about the review article here.

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