Solving Economic Growth: Introducing Gross Domestic Misery (GDM) | SFM E26

Send us Fan MailMost people agree that Gross Domestic Product (GDP) is a pretty stupid way to measure the growth of a society's economy because it ignores critical aspects of human welfare and happiness.However, Gross Domestic Happiness, an alternative to GDP,  has proven to be difficult to measure and highly subjective. What makes people happy differs across cultures and individuals. In this episode, Braus proposes (and Scot disposes of) the idea of using a new metric: Gross Domestic Misery (GDM), to measure a country's economic development.  GDM is less subjective since what makes us miserable is more objective than what makes us happy. It is also easier to measure from some widely gathered statistics, such as poverty and unemployment rates. The Future of Good - tinyurl.com/the-future-of-goodWhat would the World Bank or the IMF recommend differently if they were trying to minimize Gross Domestic Misery instead of trying maximize Gross Domestic Product?  Support the showHelp these new solutions spread by ...Subscribing wherever you listen to podcastsLeaving a 5-star review Sharing your favorite solution with your friends and network (this makes a BIG difference)Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.Email: [email protected]: @ajbraus - [email protected]: @scotmaupinadambraus.com (Link to Adam's projects and books)The Perfect Show (Scot's solo podcast)Thanks to Jonah Burns for the SFM music.