Economic Metrics Quotes

GDP tells you nothing about sustainability

GDP does not allow for the health of our children, the quality of their education, or the joy of their play

We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find the meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.

Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists.

There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.

Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.

While we have put an utmost emphasis on Gross Domestic Products (GDP) as a barometer for the overall economy until now, we have not paid much attention in detecting a level of social welfare. We, as a member of the society, must now take steps to create an index to indicate other critical elements to be focused on in order to restore reliability of world statistics.

GDP excludes care work and other unpaid work, most of which falls to women and girls in rich and in poor countries alike.

"Value added" is a meaningless concept for a retail business , for a bank, for a life insurance company, and for any other business which is not primarily engaged in manufacturing.

I've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's how many people are actively looking for a job.

Only the work that generates money is allowed to count toward GDP. Little wonder, then, that we have organized education around feeding as many people as possible in bite-size flexible parcels into the employment establishment.