Episode One: Our Phony Economy and Gross Domestic Product

GDP is made up of the goods and services that a country produces. When economists and politicians talk about growth, this is what they are referring to. But what makes up those goods and services? Rather, what is the “what” of GDP as Jonathan Rowe asks in his 2008 Harper’s Magazine article titled, “Our Phony Economy” months before the economic crash of 2008? In this episode of A Correction, Lev and Natalie discuss Rowe’s article, how GDP is measured, and ask: is growth always good?

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