A Quote by Erik Brynjolfsson

G.D.P. is not a measure of how much value is produced for consumers. Everybody should recognize that G.D.P. is not a welfare metric. — © Erik Brynjolfsson
G.D.P. is not a measure of how much value is produced for consumers. Everybody should recognize that G.D.P. is not a welfare metric.
We should measure welfare's success by how many people leave welfare, not by how many are added.
. . . But experience has taught me that you cannot value dreams according to the odds of their coming true. Their real value is instirring within us the will to aspire. That will, wherever it finally leads, does at least move you forward. And after a time you may recognize That the proper measure of success is not how much you've closed the distance to some far-off goal but the quality of what you've done today.
The normal metric of measuring progress has actually been the rate of growth, OK? It's not a wrong metric, but it's not a full metric.
I turned six in 1977. Youth athletics then was nothing like this, and I wondered how things changed so much. I started looking at our societal emphasis on sports, using the most tangible metric by which we measure emphasis: money.
[When you have kids] you become much more - there are two things that happen. You recognize how fragile individuals are, and you recognize the strength of the general overall group, but you don't care anymore. You're just fighting for the one thing. See and then, you also recognize that everybody, then, is also somebody's child.
Resource efficiency is the wrong metric. We should use nature as the measure, using nature's wisdom as a template for our economic systems.
Consumers value their personal time and are loyal to those companies that make their lives more productive. Brands gaining some of the biggest successes in social media are engaging with millions of consumers through value exchange.
Organized business has assumed that greater profits would be pretty much of a cure-all, and it has to a major extent ignored the fact that the welfare of business rests upon the welfare of the consumers of a nation; that business or free enterprise will function in a democracy only so long as the democracy functions.
Most citizens are consumers, not investors. They don't recognize the benefits to consumers that come from investment.
Fortunately for me, I don't come from the school where you only measure success by how much money something makes or whether it has a big box-office weekend. I measure it by how much people actually participate in the process.
Liberals measure compassion by how many people are given welfare. Conservatives measure compassion by how many people no longer need it.
Money cannot be applied to the *general welfare*, otherwise than by an application of it to some *particular* measure conducive to the general welfare. Whenever, therefore, money has been raised by the general authority, and is to be applied to a particular measure, a question arises whether the particular measure be within the enumerated authorities vested in Congress. If it be, the money requisite for it may be applied to it; if it be not, no such application can be made.
Poll after poll shows that consumers want the right to know what's in their food and how it's produced. Because our food choices have such a significant impact on our lives, this is a trend that should be welcomed, not frustrated.
How much truth can a spirit bear, how much truth can a spirit dare? ... that became for me more and more the real measure of value.
The measure of self-assurance is how deeply and sincerely interested you are in others; the measure of insecurity is how much you try to impress them with you.
If you're looking for a metric that we have to measure, that we have to control, it's government in relation to the size of our economy.
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