Sunday, March 7, 2010

Mankiw: Chapters 22 & 23

"[Gross domestic product] does not allow for the health of our children, the
quality of their education, or the joy of their play. It does not include the beauty
of our poetry or the strength of our marriages, the intelligence of our public
debate or the integrity of our public officials. It measures neither our courage,
nor our wisdom, nor our devotion to our country. It measures everything, in
short, except that which makes life worthwhile, and it can tell us everything
about America except why we are proud that we are Americans."
- Sen. R. Kennedy

Next edit: my notes of Chapters 22 & 23.

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