Why Is GDP Only an Imperfect Valid Measure of the Value

question 98

Essay

Why is GDP only an imperfect valid measure of the value of output produced by an economy?

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Definitions:

Simultaneity Paradigm

A perspective in which events, actions, or processes are viewed as occurring simultaneously rather than sequentially, often emphasizing the interconnectedness of phenomena.

Humanuniverse-indivisible-unpredictable

A conceptual expression suggesting that humanity and the universe are inseparable and inherently unpredictable, emphasizing a holistic view of life and existence.

Paradigmatic Perspectives

Ways of viewing or understanding phenomena based on established paradigms or frameworks, influencing how knowledge is constructed and interpreted.

Humanbecoming Perspective

An alternative formulation referring to Parse's humanbecoming school of thought, emphasizing the continuous process of becoming within the human experience.