Jeremy Rifkin Quotes

The Gross Domestic Product (GDP) Was Created In The 1930s To Measure The Value Of The Sum Total Of Economic Goods And Services Generated Over A Single Year. The Problem With The Index Is That It Counts Negative As Well As Positive Economic Activity. If A Country Invests Large Sums Of Money In Armaments, Builds Prisons, Expands Police Security, And Has To Clean Up Polluted Environments And The Like, It's Included In The GDP. Simon Kuznets, An American Who Invented The GDP Measurement Tool, Pointed Out Early On That "[t]he Welfare Of A Nation Can . . . Scarcely Be Inferred From A Measurement Of National Income."28 Later In Life, Kuznets Became Even More Emphatic About The Drawbacks Of Relying On The GDP As A Gauge Of Economic Prosperity. He Warned That "[d]istinctions Must Be Kept In Mind Between Quantity And Quality Of Growth . . . . Goals For 'more' Growth Should Specify More Growth Of What And For What."29

Related Authors

• Charles Madigan
• Crystal Dwyer Hansen
• Debbie Stabenow
• Ernst F. Schumacher
• Fanny Fern
• Laird Hunt
• Madeline Iva
• Sean Gabler
• Sellyca Theharin
• T.L. Messruther
• Todd G. Buchholz
• Wolfgang Parker

Related Topics

• Chameleon Color Quotes

  The Magnificent Seven consisted of one swimmer of color, a representative from each extreme of the educational spectrum, a muscle man, a giant, a chameleon, and a one-legged psychopath. When — Chris Crutcher

• Give Up Sad Quotes

  Cats aren't shirts that you buy at the store and then return if they don't fit. Nor are they a pair of shoes you can give away or toss out — Pam Johnson-Bennett

• Perfect Combination Love Quotes

  You are the type of female who grows more lovely, not by false paints or creams, but by being a complete woman, a woman who knows intelligence, sympathy, forgiveness, generosity, — Regina Jeffers

• Smile Even If Your Heart Is Breaking Quotes

  Ten years ago, I still feared loss enough to abandon myself in order to keep things stable. I'd smile when I was sad, pretend to like people who appalled me. — Martha Beck

• Tomorrow Is Not Promised Bible Quotes

  If something happens to me tomorrow, I'm going to go to Heaven, and that's for sure because God's promised to us in the Bible. — Albert Pujols