Earlier quoted context omitted.
I disagree with you. I thought it was very clear and well written. > Of course per-capita GDP doesn't fully capture quality of life, but it's easy to measure and hard to fake. It's extremely easy to fake. I sell you a backrub for 10.000 dollars and after that I buy one from you for 10.000 dollars and we've now in 10 minutes boosted our GDP with 20.000 dollars. > Measuring and quantifying something is a prerequisite t…
It's extremely easy to fake. I sell you a backrub for 10.000 dollars and after that I buy one from you for 10.000 dollars and we've now in 10 minutes boosted our GDP with 20.000 dollars. I didn't want to sidetrack my comment by getting into PPP and other adjustments[1], but suffice it to say that economists have been aware of these issues for over a century. We are too focused on optimizing, when a lot of what it mea…
Therefore, optimisation isn't bad, but you should always keep in mind what you're optimizing for, as you usually can't optimize everything at the same time.
If you have two qualities that are mutually exclusive but both important to you, you obviously wouldn't want to optimize either of them - you'd try to find a balance between them instead.