Challenge Grant: Our Boosters will match donations up to $45,000. We have $40,615 to go. Please donate!
Click here to advertise on CatholicCulture.org

Economic statistics neglect family values

Catholic World News - August 15, 2011

Economic statistics can provide misleading testimony on the health of a society, and even on its economic strength, notes a report from Ireland’s Iona Institute.

One of the most common measures of an economy, GDP (gross domestic product) includes all financial transfers in its analysis of economic growth. Thus the sales of pornography are included, despite the damage done to society; and gambling profits are included, although they are perforce taken from losers. A divorce is counted as evidence of economic activity, insofar as it produces work for lawyers and court officials; the inevitable losses of the household are not figured into GDP.

The Iona Institute report relies heavily on a paper by Robert Patterson for Family in America: Growth with a Purpose: Why Policymakers Should Grow the Family, Not Just GDP.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($128,302 to go):
$150,000.00 $21,697.70
86% 14%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

When Catholics are less Catholic than non-Catholics 4 hours ago
Cardinal Kasper's nose is growing again October 18
Challenge Grant Begins as Synod Ends October 17
What's wrong with this Synod, IV: Unprepared for marriage October 17
No, mainstream religious orders aren't attracting vocations as fast as younger traditional orders October 17

Top Catholic News

Most Important Stories of the Last 30 Days
Key synod report calls for 'gradualism' in Church response to irregular family situations CWN - October 13
As synod concludes, bishops issue message, approve document; Pope weighs in CWN - 14 hours ago
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30
Synod of Bishops opens with Mass in St. Peter’s Basilica CWN - October 6