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Re:Do not mistake a resilient global economy for populist su... by theozaurus on Friday January 09, 2026 @02:43AM (#46551070)
The book the 'Growth Delusion' has some great examples on this as well. To quote the FTs[1] review of the book.

"The official protocols define the scope of GDP as measuring all monetised activity between willing parties in a given period. It is a pragmatic definition, but leads to some counterintuitive results. The sale of stolen goods for cash contributes positively to GDP, for example — so theft is good for growth. A parent’s housework and childcare, however, being unpaid, are excluded — resulting, by one recent evaluation, in a $3.8 trillion underestimate of the size of the US economy."

I vaguely remember a similar one around traffic jams as well.

[1] https://www.ft.com/content/b6182440-f21e-11e7-bb7d-c3edfe974...

Re:Do not mistake a resilient global economy for populist su... by BrenBarn on Friday January 09, 2026 @02:49AM (#46551106)
There is also a book called "Mismeasuring our lives" that makes some similar points about the overreliance on GDP as "the" measure of economic health.
Re:Do not mistake a resilient global economy for populist su... by graemep on Friday January 09, 2026 @07:00AM (#46552972)
The UK is just starting official statistics that include the value of household self supply. I do not know whether there is good enough historical data to compare it with.