The Human Action Podcast cover image

The Flaws of GDP Accounting Explained

The Human Action Podcast

00:00

Rethinking GDP: Government Spending and Economic Growth

This chapter critiques the conventional understanding of GDP by examining the role of government spending alongside private sector expenditures. It challenges the notion that increased government expenditure automatically leads to economic growth, highlighting flaws in GDP accounting and contrasting differing economic perspectives.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app