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Dirk Philipsen: What GDP does and doesn’t tell us
['Emily Stewart']
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It doesn’t measure the stress of people, the loneliness of people, the illness of people; it doesn’t consider any of that. The economy doesn’t require growth, development doesn’t require growth, and welfare doesn’t require wealth. But there is plenty of evidence that higher GDP per capita and GDP growth are positively tied to life expectancy and infant mortality and other indicators of well-being.