GDP reduces people to economic units as only their productivity is legitimatised as valid contributions to the society. But we all know that individuals shouldn’t base their self-worth on how much financial power they wield.
Gross national happiness index, used in Bhutan, seems to cover a more comprehensive range of indicators that measure individuals’ worth. It attempts more layered discussion of value: https://www.gnhcentrebhutan.org/gnh-happiness-index/
I think mean something like "GDP reduces people to financial units", because humans are economic units, but economics is much broader than monetary transactions.
In principle, happiness is a better metric of well-being, but there are even more methodological issues with happiness research than conventional economic analysis.
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