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Lumifer comments on Open Thread, November 1 - 7, 2013 - Less Wrong Discussion
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From Wikipedia: "GDP was first developed by Simon Kuznets for a US Congress report in 1934. ... After the Bretton Woods conference in 1944, GDP became the main tool for measuring a country's economy."
Yes, the GDP number is, of course, imprecise. By itself it's not a problem -- most of our measurements are imprecise.
I am not sure what are you getting at. Do you think that GDP is useless or cannot be measured or what?