The High Cost of Our GDP Obsession

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2025-05-30 00:16:10 -

In mainstream economics, description is routinely treated as secondary to analysis. Labeling a work as “purely descriptive” conveys dismissiveness. Yet, as Nobel laureate economist Amartya Sen observed in a seminal 1980 paper, every act of description involves choices. Whether we are describing a historical event, an individual, or a country, what we choose to include...

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