Our Mismeasured Economy In obscuring the value of government, - TopicsExpress

Our Mismeasured Economy In obscuring the value of government, the G.D.P. story is leaving us in the dark about potentially crippling trade-offs between fiscal and regulatory austerity and our needs as a society. If we ignore public value in our economy, we will be unable to craft effective policies for a better economic future. If we ignore the economic contribution of regulation, we are less likely to want more of it, exposing our children to greater social risks and costs. To develop a sustainable growth path, we should heed the business adage: You get what you measure.

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