What GDP Leaves Out: An Austrian Look

This page accompanies our video “What GDP Leaves Out: An Austrian Look”:

For an Austrian discussion of GDP along the lines discussed in the video, see Frank Shostak, “What Is Up with the GDP?” See also George Reisman, “Standing Keynesian GDP on Its Head: Saving Not Consumption as the Main Source of Spending.”

On Private Product Remaining, see the relevant section of Murray N. Rothbard’s America’s Great Depression; see also Robert Batemarco, “GNP, PPR, and the Standard of Living.”

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