Why GDP is the most over-hyped statistic in economics (except perhaps the DJIA)

I hate “Gross Domestic Product” (GDP). Always have. Always will. It’s a terrible metric, and our society’s fixation on it drives society in terrible directions.

I’m not posting to rehash the many reasons to hate GDP but to point you to this NYT article, “The Rise and Fall of the G.D.P.” which lays out some of the reasons.

Posted by James on Tuesday, May 18, 2010