Rethinking Economic Measurement

This chapter critiques the use of GDP as a measure of economic health, highlighting its limitations as identified by its creator, Simon Kuznets. It introduces the concept of GDPB, which seeks to integrate often overlooked economic contributions, such as consumer surplus, into a more comprehensive understanding of well-being and happiness. The discussion extends to the implications of these new measures on government policies, antitrust laws, and the perception of technological advancements, especially in the context of Silicon Valley's dual identity as a hub of innovation and a city facing pressing urban challenges.