Egan, Mark; Mulligan, Casey; Philipson, Tomas - Becker Friedman Institute for Research in Economics, … - 2013
Many national accounts of economic output and prosperity, such as gross domestic product (GDP) or net domestic product (NDP), offer an incomplete picture by ignoring, for example, the value of leisure, home production, and the value of health. Discussed shortcomings have focused on how...