Friday, January 11, 2008

Stiglitz Says GDP May Be Poor Indicator of Economy

http://www.afp.com/english/news/stories/080108204123.gqqh9qms.html

"WASHINGTON (AFP) - Joseph Stiglitz, the Nobel laureate economist tapped to head a new French study, said Tuesday he sees gross domestic product (GDP), the most often cited yardstick, as an imperfect indicator.

"'It's been particularly true in the US where GDP has been going up but actually most people not only feel worse off, their measure of income is actually going down," he said.

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