Great to see your posts appear on SA. Been following your blog for a long time and commented on occasion. Appreciate your outlook on economics which is a world away from the rubbish that is being taught elsewhere. GDP as a wealth measure is ridiculously flawed, the effect of the exchange rate alone distorts the true picture (thankfully we've got PPP for that).
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Great to see your posts appear on SA. Been following your blog for a long time and commented on occasion. Appreciate your outlook on economics which is a world away from the rubbish that is being taught elsewhere.
Jul 13 20:44 pm
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All Comments by Firat Ünlü »Dangerous Fallacy in GDP Measures [View article]
GDP as a wealth measure is ridiculously flawed, the effect of the exchange rate alone distorts the true picture (thankfully we've got PPP for that).