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August 23, 2008



And don't forget GDP per capita...


and more importantly, is GDP the sole measure we should use for determining the success or failure of policy?


Nice piece. Highlights how pols (of all shades) will shamelessly seize on an abstruse aspect of a topic most people don't understand, reduce it to an over-simplified stat and then trumpet it as a good thing. Until it comes back to bite them. As Planeshift implies, GDP ain't much of a measure of anything meaningful - and I rather suspect if you took other, broader, readings - a 'happiness' index or whatever, health stats, adult literacy etc, we'd find UK plc deep in deficit.

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