I don’t know any government that considers maximizing GDP as its primary goal.
Economists however are on all sides of this issue, it isn’t some monolithic field where everyone agrees on even basic ideas.
> It is also important to understand what GDP cannot tell us. GDP is not a measure of the overall standard of living or well-being of a country. Although changes in the output of goods and services per person (GDP per capita) are often used as a measure of whether the average citizen in a country is better or worse off, it does not capture things that may be deemed important to general well-being.
Tirades that when economists calculate GDP the human society is serving "abstractions" or the devil over the "real" and God is just fearmongering.
You can’t say measure X is useful, and it’s flaws are well known therefore it’s flaws are irrelevant. If it’s useful then it’s flaws are part of any decision made using it.
Yeah, that's precisely my point. It's informing their decisions.
>You can’t say measure X is useful, and it’s flaws are well known therefore it’s flaws are irrelevant. If it’s useful then it’s flaws are part of any decision made using it.
Measure X is useful, its flaws are well known therefore people who use it account for its flaws during the decision making process.
Traffic control systems, computer hardware design...these all incorporate the same combinations of depth and breadth of thinking. I think it's wise to keep an open mind and ask whether it's really necessary to exclude a given model or entire set of them.
Goodhart's law is an adage often stated as "When a measure becomes a target, it ceases to be a good measure"
Who exactly are we criticizing for doing this? Seems a bit like a straw man argument tbh. I'm not even sure how that relates to the more general concept raised above, of a single model of reality being reliable.
This is true even if what’s being observed is by a simulated entity, the observation exists outside of it’s internal models and is indirectly related to things in the underlying reality. Ie, physical states of various bits of physical RAM.
The difference is not so critical when people are starving, but the difference continues to grow until maximizing GDP starts harming the economy.