GDP actually tends to rise with societal problems such as crime, pollution, household debt, commuting time, and family breakdown. As a short-term measure of economic output, it increases with the depreciation of machinery and the extraction of finite resources, while failing to reflect the long-term contributions of education and entrepreneurship.
- David Suzuki: Measuring progress with GDP is a gross mistake | The Georgia Straight
- What’s the Matter with GDP? | Common Place