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GDP

Things look really good…if all you care about is money

Are things really getting better? Well, the answer is a resounding ‘yes’ if you’re a monetary consequentialist (i.e., think all that matters is maximizing the amount of monetary resources in the world).  A group of 21 economists plus one Bjørn Lomborg have a new book coming out soon that will survey 10 pressing global problems such as health, air pollution and gender equality in the world from 1900 to 2050.  According to Lomborg’s précis, they have found that on most of the dimensions, things are improving (only biodiversity is identified as having gotten worse), and the positive trends are expected to largely continue.  This will come as some relief to those bemoaning recent political, environmental and humanitarian crises.  But don’t break out the champagne just yet – their analysis evidently relies on a crude GDP-centric measurement tool that obscures a number of crucial issues.  Read More »Things look really good…if all you care about is money