Ken Eisold Measuring Economic Success


	Ken Eisold Measuring Economic Success

kennetheisold

10-21-2009 11:34 AM

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tags:

non-fiction, business, economics

kennetheisold says:

We have gotten into the habit of measuring our prosperity by the size of our Gross Domestic Product, the sum total of the goods and services we produce.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/45bfeddf-713b-4818-9523-4d232bde135b/E99B8C9A-CB78-420C-8A15-3BFA63B9F5DD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://eisold.rt7media.net/category/society/" href="http://eisold.rt7media.net/category/society/" style="font-size: 11px;">eisold.rt7media.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://eisold.rt7media.net/category/society/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/eisold.rt7media.net/img/3CE2F419-1FBA-48D6-AC97-73787895C13F" alt="" /></div></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://eisold.rt7media.net/2009/09/measuring-economic-success/" href="http://eisold.rt7media.net/2009/09/measuring-economic-success/" style="font-size: 11px;">eisold.rt7media.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://eisold.rt7media.net/2009/09/measuring-economic-success/"><P>Last week two Nobel prize-winning economists, Joseph Stiglitz and  Amartya Sen, unveiled a competing concept, commissioned by French President Sarkozy, for presentation to the G-20 in Pittsburg.  According to a story in <SPAN>The New York Times</SPAN>, Stiglitz said: “G.D.P. as a measure of how well we were doing . . . doesn’t tell us whether it’s sustainable. . . . What began as a measure of market performance has increasingly become a measure of social performance, and that’s wrong.”  Their plan concludes: “Instead of centering assessments on the goods and services an economy produces, policy makers would do better to focus on the material well-being of typical people by measuring income and consumption, along with the availability of health care and education.”  (See, “<A href="http://www.nytimes.com/2009/09/23/business/economy/23gdp.html?ref=business">Emphasis on Growth is Called Misguided</A>.”)</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E99B8C9A-CB78-420C-8A15-3BFA63B9F5DD/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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