Hey, Big Number, Make Room for the Rest of Us

For 75 years, the gross domestic product has been the premier means of measuring America's economic vitality. It is a celebrity among statistics, a giant calculator strutting about adding up every bit of paid activity in the 50 states. The annual sum, the famous $14 trillion economy, marks the United States as the world's most prosperous nation -- measured in cash.

In the absence of any statistic of comparable cachet, however, the G.D.P. is ... Full Story »

Posted by Leo Romero

See All Reviews »

Review

Michael Bugeja
3.1
by Michael Bugeja - Oct. 1, 2008

For those intrigued by this article, I recommend a superior one by Robert H. Frank that appeared in the Times in March 2008. Frank approaches the topic more fairly, presenting both liberal and conservative viewpoints on the GDP. This more recent article on the same topic--seemingly sourced from telephone, email and/or Google--inquires: "If the U.S. economy is so bad, why is the gross domestic product rising?" Obesity is bad, the article states, and should result in a subtraction in the GDP (although the obesity industry adds $315 billion annually to the economy). The liberal viewpoint often notes that GDP and happiness do not correlate; the conservative viewpoint often obscures inflation to show that it does. Rather than investigate the impact of those opposing forces, this writer wastes half of the article on a wiki-like history of the GDP. He also appears to have googled famous quotes on the topic, coming up with one by Robert Kennedy ( http://dbaron.org/views/quotes ). The problem with accessing famous quotes is that they often have a legacy, as this one does with Joe Biden ( http://www.suntimes.com/news/commentary/1127016,open082608.article ). In sum, the main benefit of Louis Uchitelle's easy article may be in sparking interest in what constitutes social happiness.

N/A

Get out of the newsroom, away from the computer, and go to a conference for the latest developments in social happiness research, such as “The Social Enterpise World Forum,” scheduled Sept. 2-5 in Edinburgh, Scotland, or “The Social Capital Foundation” conference Sept. 19-22 September in Bugibba, Malta.
N/A

See All Reviews »

Michael's Rating

Overall
3.1

Average
from 8 answers
Quality
3.0
Fairness
3.0
Information
3.0
Sourcing
3.0
Context
3.0
Popularity
3.5
Recommendation
3.0
Credibility
4.0
More How our ratings work »