https://steadystate.org/wp-content/uploads/SSH_poison-beer_featured.jpg 400 600 Brian Czech /wp-content/uploads/logo.svg Brian Czech2018-10-03 17:51:562022-08-05 14:03:10The Poison Beer of GDP
The Poison Beer of GDP
By Herman Daly
Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income.