Oulton, Nicholas - Centre for Economic Performance, LSE - 2012
welfare; 2) Growing GDP is pointless since most people don't benefit; 3) Raising GDP per capita is pointless as it doesn …Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British … government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of …