Advancing a Free Society

Is GDP growth a poor measure of improving living standards?

Wednesday, April 28, 2010

The Economist is hosting a 10-day debate of the proposition:

This house believes that GDP growth is a poor measure of improving living standards.

Opening statements:

Rebuttals:

Featured guest:  Enrico Giovanni, President, Italian Statistical Office

Featured guest:  Michael Boskin, T.M. Friedman Professor of Economics; Senior Fellow, Hoover Institution, Stanford

Featured guest:  Me

Closing statements:

Thanks to the Economist for including me in the debate.

On day 1 of the debate, 69% of voters agreed with the motion, 31% disagreed.  Agree is now up to 72%.  I don’t know whether that 70% range is primarily a function of the quality of the arguments or instead of the initial views of those who chose to vote.

Here is my statement.

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