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Measuring the new prosperity, Jack Layton

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documents in English
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book reviews
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2 pages
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General public
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  1. The inadequate comparison between the two economic measures
  2. The incomplete illustrations against the current system
  3. The extreme reasoning for justifying change

Prosperity always comes with a cost. If prosperity is to be questioned due to the existence of costs, there is no real prosperity. According to Jack Layton's essay, "Measuring the New Prosperity" (hereinafter referred to as "the Essay"), prosperity must consider the social costs that were incurred. Although profit cannot be calculated without deducting costs, profits cannot exist without costs. In addition to the inaccurate focus on the economy, the Essay fails to persuade the readers due to the inadequate comparison between the two economic measures; the incomplete illustrations against the current system; and the extreme reasoning for justifying change. For these reasons, the Essay is unable to assure the readers of a definitive proposal for the measuring of prosperity.

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