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The Ever-Present Challenge of Escaping Poverty (with Noah Smith)

EconTalk

CHAPTER

The Dual Nature of GDP: A Measure of Development and Human Well-Being

This chapter explores the relevance and limitations of GDP as a measure of human well-being and national success. The speakers discuss its importance in poorer countries while highlighting its shortcomings in wealthier nations, questioning its effectiveness in capturing overall quality of life.

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