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GDP is like a heart rate monitor: it tells us about life, but not about our lives

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
GDP is like a heart rate monitor: it tells us about life, but not about our livesShutterstock

How much cash would you need to be paid to agree to live without a smartphone for a year?

If you are like the typical American, the answer is US$10,000 – which is far, far more than what we are actually charged for having and using smartphones.

How much would you need to be paid to live without a computer?

According to the same...

Read more: GDP is like a heart rate monitor: it tells us about life, but not about our lives

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