Tuesday, March 15, 2011

CSRwire Talkback - Grossly Distorted Picture: GDP Still Misleading Governments, Banks and Investors by Omitting Asset Accounts

CSRwire Talkback - Grossly Distorted Picture: GDP Still Misleading Governments, Banks and Investors by Omitting Asset Accounts

Money is a means to an end. So what "end" do we want? Is it stuff or is it experiences? What creates quality of life, and how is it different for different people? I'm not convinced that it is possible to "measure" quality of life (how do you put a number on the value of an afternoon picnic in the Olympic National Forest with a 360 degree view of your surroundings?), but it is a step in the right direction to recognize that financial metrics won't get us there.

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