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To: Glenn D. Rudolph who wrote (122338)4/1/2001 1:47:56 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 164684
 
i vehemently disagree. *all*, and i repeat, 100% of all economic productivity is calculated in gdp without bastardizing the numbers... at least, nobody has made a cogent argument otherwise. here are some links to a lively discussion on the matter...

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To: Glenn D. Rudolph who wrote (122338)4/1/2001 1:51:29 PM
From: Skeeter Bug  Respond to of 164684
 
here's another discussion...

siliconinvestor.com
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siliconinvestor.com

pay special attention to the last sentence in the last post as that is the crux of the matter, imho.

iow, if your efficiencies don't translate into dollar then the output of the nation has not increased. period. you can't buy more good without more dollars. if those efficiencies you see translate into more dollars then gdp picks it up.

gdp worries about revenues, not profits. if you increase your profits within a nonchanging gdp condition, you have robbed peter to pay you. zero sum game from the macro point of view.