OPE-L message, Re: [OPE] one of the great inventions of the 20th century?

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Re: [OPE] one of the great inventions of the 20th century?

To: Outline on Political Economy mailing list <ope@xxxxxxxxxxxxxxxxxx>

Subject: Re: [OPE] one of the great inventions of the 20th century?

From: Alejandro Agafonow <alejandro_agafonow@xxxxxxxx>

Date: Sat, 8 Mar 2008 09:05:47 +0000 (GMT)

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I think that Human Development Index has became too a grate invention on the late 20th century. As important as GDP and of special interest for alternative trends in economics

Kind regards,

Alejandro Agafonow

----- Mensaje original ----
De: Jurriaan Bendien <adsl675281@xxxxxxxxxx>
Para: Outline on Political Economy mailing list <ope@xxxxxxxxxxxxxxxxxx>
Enviado: sÃbado, 8 de marzo, 2008 3:58:13
Asunto: [OPE] one of the great inventions of the 20th century?

Paul Samuelson, Nobel Laureate and author of many textbook references, once described GDP as âtruly among the great inventions of the 20th century, a beacon that helps policymakers steer the economy toward key economic objectivesâ. http://www.oecdobserver.org/news/fullstory.php/aid/1518/Is_GDP_a_satisfactory_measure_of_growth_.html

I have been meaning to write an article on GDP, given that almost no economists in my experience understand what it means and does not mean. But maybe Michael has beaten me to it already.

Jurriaan

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