alt Hacker NewsThe case against GDP, by its own creator: https://gnhusa.org/gpi/the-case-against-gdp-made-by-its-own-...
It’s not that GDP is a poor measure, just that it is isolated as the only measure most policy is based on improving rather than being one metric in a portfolio of related metrics that balance technological progress, accumulation of wealth, and human thriving.
As Gary Stephenson rightly points out the culture of Economics in modern practice is not one of open query and scientific skepticism, but of proselytizing. More akin to a religion than a science.
GDP just measures the average wealth of a society, on the assumption that production equals consumption. Wealth is unambiguously good, but of course it fails at measuring the full extent of human flourishing.
My take on Economists is that they keep desperately trying to make people understand that prices are set by supply vs demand dynamics, while society keeps refusing to understand it.