January 25, 2024
While the Gross Domestic Product is our main measure of our well-being, we can ask if a GDP alternative would do a better job.
While the Gross Domestic Product is our main measure of our well-being, we can ask if a GDP alternative would do a better job.
Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.
Measuring happiness is tough because of the difference between what we actually experience and what we remember about those moments.