http://mises.org/community/forums/5.aspxenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/community/forums/thread/467505.aspxTue, 01 May 2012 15:24:24 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:467505John James0http://mises.org/community/forums/thread/467505.aspxhttp://mises.org/community/forums/commentrss.aspx?SectionID=5&PostID=467505<p> <blockquote><div><img src="http://mises.org/community/Themes/mises2008/images/icon-quote.gif"> <strong>Vladimir Ulyanov:</strong></div><div>is there anything that Austrians use as an alternative to GDP/GNP.</div></blockquote></p> <p> Not really, because as you said, there really isn&#39;t such a thing.</p> <p> <a href="http://mises.org/Community/forums/p/27574/451942.aspx#451942">GDP is meaningless</a>, and value is subjective,so there&#39;s no possible way to objectively measure <a href="http://wiki.mises.org/wiki/Wealth">wealth</a>.&nbsp; You can make some assumptions and derive some conclusions from a priori reasoning, and then use empirical data to support those conclusions, but there&#39;s no way to assert or quantify &quot;health/growth&quot; in any meaningful sense.</p> <p> This is basically the fundamental crux between <a href="http://mises.org/Community/forums/p/26846/443336.aspx#443336">Austrian methodology</a> and every other school of thought.</p> <p> &nbsp;</p><div style="clear:both;"></div>http://mises.org/community/forums/thread/467503.aspxTue, 01 May 2012 15:12:46 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:467503Vladimir Ulyanov0http://mises.org/community/forums/thread/467503.aspxhttp://mises.org/community/forums/commentrss.aspx?SectionID=5&PostID=467503<p> Hmm, I said health so I would&#39;nt be given formulae that measures purely growth in a booming economy. I guess a measure that can calculate the current performance aswell as current and future ability of an economy. I&#39;m sorry this is a terrible explanation. I think I&#39;ve realised there is no such thing. But is there anything that Austrians use as an alternative to GDP/GNP.</p><div style="clear:both;"></div>http://mises.org/community/forums/thread/467501.aspxTue, 01 May 2012 15:01:21 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:467501John James0http://mises.org/community/forums/thread/467501.aspxhttp://mises.org/community/forums/commentrss.aspx?SectionID=5&PostID=467501<p> Define &quot;economic health/growth&quot;.</p> <p> &nbsp;</p><div style="clear:both;"></div>http://mises.org/community/forums/thread/467500.aspxTue, 01 May 2012 14:49:05 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:467500Vladimir Ulyanov0http://mises.org/community/forums/thread/467500.aspxhttp://mises.org/community/forums/commentrss.aspx?SectionID=5&PostID=467500<p> Does anybody know of any measures that can actually measure economic health/growth? Are there any measurement that can be used to compare economies?</p><div style="clear:both;"></div>