- Eye Opening
Measures of gross domestic product gauge the monetary value of a nation’s economic output of most good and services, but not all of them. Free online services, like those of Facebook, Gmail and YouTube, create meaningful value that individuals prize – and price – highly, according to journalist Peter Dizikes in this concise overview of current research on the topic. He writes that society needs a better way of understanding how technology is adding to people’s economic well-being. Econometricians, it would seem, have their work cut out for them, as this brief but thought-provoking piece makes clear.
About the Author
Peter Dizikes is a writer for the MIT News Office.
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