“Gross National Happiness is more important than Gross Domestic Product. attr to Buthan's King Jigme Singye Wangchuck”
“Gross Domestic Product—the substitution, in effect, of ideas for physical value.”
“The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales.”
“Th direct elimination of elimination of poverty should be the objective of all development aid. Development should be viewed as a human rights issue, not as a question of simply increasing the gross national product (GNP).”
“I don’t have enough gross words in my gross vocabulary to describe how gross that gross thought is. Gross.”
“Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before.”