Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long outlived its usefulness: gross domestic product. G. D. P. is one measure of national income, of how much wealth Americans make, and it's a deeply foolish indicator of how the economy is doing. It ought to join buggy.


Eric Zencey, in G.D.P. R.I.P., The New York Times, 9 August 9, 2009

The New York Times https://www.nytimes.com/2009/08/10/opinion/10zence...

Eric Zencey Quotes

Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long...

Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long...

Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long...

Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long...