NDP: The Alternative to GDP

Mon, 14 Dec 2020 00:00:00 +0000

Supereconomics uses Purchasing Power as its alternative to GDP, as explained in The Digression on the Value of Silver of the Wealth of Nations.

In that Digression, Adam Smith proved that money supply does not correlate with a society’s wealth or poverty. Instead, it is the money price of some rude produce relative to the main food grain (such as wheat) which is the clearest indicator of a society’s wealth or poverty.

Ways to Get the NDP

Mon, 14 Dec 2020 00:00:00 +0000

The previous unit explained that the NDP allows people to compare societies more fairly, just like how the Big Mac Index compares cost.

There are 2 ways to get the NDP, just as there are 2 ways to get the GDP:

Net Domestic Product on Superphysics

NDP: The Alternative to GDP

Ways to Get the NDP