Showing posts with label peter goodman. Show all posts
Showing posts with label peter goodman. Show all posts

Sunday, September 27, 2009

Wrong kind of growth

In business especially, the number you measure and reward is the number you optimize. If recession is defined solely as GDP growth and that's all economic policy-makers care about, jobless recoveries will continue to happen, with their attendant growth in income inequality.

We need a new definition.