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The Correlation Between GDP and Human Flourishing
The Correlation Between GDP and Human Flourishing
Dec 4, 2024 10:57 AM

Recently we considered a simple tool and metric for measuring economic well-being: real GDP per capita.

Yet such metrics feel can seem materialistic. What about the things that money can’t buy, we wonder, like health and happiness?

As economist Alex Tabarrok explains, while real GDP is an imperfect measure, it tends to be correlated with many of the non-monetary improvements that contribute to human flourishing.

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