Will the Living Standards Framework replace budgetary analysis?
Opinion: Good economists would not take gross domestic product as the only measure of a country's success.
According to Oscar Wilde’s play, Lady Windermere’s Fan (1892), “a cynic is a man who knows the price of everything and the value of nothing.”
This quip has since migrated to refer to the economics profession.
It tells us much about how economics is perceived. Not just as an overly technical,
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Will the Living Standards Framework replace budgetary analysis?
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