Musing for a minute, I wonder if there's a way to create an anti-GDP and subtract them?
Something like GDP - (Sickness, Mental Health Therapy, Fixing broken windows and flat tires... et. al.)
Something like GDP - (Sickness, Mental Health Therapy, Fixing broken windows and flat tires... et. al.)
That still does not solve the underlying problem. The aim of an economy is to maximise utility (vaguely defined as happiness, satisfaction with life) or more meaningfully defined as an individual's preferences, The problem is that we cannot meaningfully aggregate this across individuals to maximise for the whole economy.