|
|
Econation Blog
Economic growth does not measure the quality of development
National income or GDP (Gross Domestic Production) increases no matter what we spend our money on. Thus, the concept of 'quality' can be neglected (and indeed often is) when development is equated only with economic growth. This includes the quality of development, the quality of human life and the quality of the natural environment.
This idea about 'quality' is illustrated in a story about Anton and Marti, and how their changing spending habits affect the economist's ideal of development.
Posted by on 29th September, 2009 | Comments | Trackbacks
Tags:
The trackback URL for this page is http://www.econation.co.nz/trackback?post=15746356 TrackbacksThere are no trackbacks for this post There are no comments for this post Post a CommentHTML is not allowed in comments, http://... will be automatically linked.
|
|
|
|
