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.
I don’t know any government that considers maximizing GDP as its primary goal.