@ajsadauskas The traditional example is a broken window.
https://en.m.wikipedia.org/wiki/Parable_of_the_broken_window
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@ajsadauskas The traditional example is a broken window. https://en.m.wikipedia.org/wiki/Parable_of_the_broken_window 1 comment
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@bencurthoys @ajsadauskas
Another old example is a man marrying his housekeeper: the amount of labor stays the same, but there is less salary shoved around.
GDP isn't entirely useless, but the economy (let alone people's lives) cannot possibly be summed up by 1 number.