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GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Original Article: "Finally Kicking the GDP Habit"
A graduate of Spring Arbor University, J.S. Mullen is a current graduate student in the political science department at the University of Illinois. An author and blogger, his work can be found at http://www.jsmwritings.com.