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Reading the Pulse Gross Domestic Product and Its Limitations
GDP dominates economic discourse as the primary measure of national prosperity, yet it captures only a fraction of economic reality. This episode dissects what GDP actually measures—the total monetary value of goods and services produced—and exposes its blind spots: it ignores environmental degradation, unpaid household labor, income inequality, and quality of life improvements. We analyze how different nations manipulate GDP calculations, examine the 2008 financial crisis when GDP growth masked systemic instability, and explore alternative metrics like the Genuine Progress Indicator that…
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