What is economic growth? (I’m interested to hear your own definition or any good definition you found elsewhere.)
-
-
Replying to @MaxCRoser
An increase in the total material wealth of humanity divided by the number of humans.
36 replies 7 retweets 304 likes -
Replying to @paulg @MaxCRoser
Now all we need is a definition of material wealth.
7 replies 0 retweets 38 likes -
With its presence, humans flourish. With absence, suffer.
1 reply 0 retweets 1 like -
OK, but you need to be able to compare the relative additional flourishing due to, say, digital cameras vs. coffee. And the comparison has to be precise enough to differentiate over time to give a growth rate.
2 replies 0 retweets 7 likes -
Replying to @tlbtlbtlb @ikirigin and
Folks like
@erikbryn are working hard to come up with new ways to think about defining economic growth.1 reply 0 retweets 2 likes -
Replying to @jamescham @tlbtlbtlb and
James Cham Retweeted Erik Brynjolfsson
Here’s an example of what he calls GDP-Bhttps://twitter.com/erikbryn/status/1355357080316649473 …
James Cham added,
1 reply 0 retweets 3 likes -
Replying to @jamescham @tlbtlbtlb and
Excellent. Makes me think about things that lower happiness without impacting GDP. • "We're all going to die" climate change. • 10000% incorrect estimates of death/risk from X. • Twitter
2 replies 1 retweet 2 likes
yes! i feel it’s worth distinguishing a sort of moral score card (even if that’s what you want to measure) vs GDP as just a gross measure of state industrial capacity, which is what it was meant to measure when proposed. (this capacity does what when the state isn’t striving?)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
