I love economics. It is a fascinating field and is filled with incredible measurements and indices. And remember what President Harry Truman said about economists. “Give me a one-handed Economist. All my economists say 'on one hand...', then 'but on the other...”
One of the best aspects of economics is the churn of ideas and theories. One man is trying to move the conversation away from Gross Domestic Product (GDP).
Dr. Mark Skousen, an economist suggested using another way to measure an economy is GO or Gross Output. This started in Great Britain.
Dr. Skousen teaches at Chapman University. He is also an investment adviser and author of several books. The following link takes you to an article and pod cast. It is worth the read and a listen.
Link to article: https://www.forbes.com/sites/steveforbes/2019/09/09/were-using-the-wrong-measure-gdp-to-gauge-the-economys-real-health-mark-skousen/#3b1d840452fa
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