tag:blogger.com,1999:blog-9204374242006832151.post3280704371445328493..comments2023-07-06T10:48:10.382+01:00Comments on Rigotnomics: How poor is Japan?Pierre-Louishttp://www.blogger.com/profile/03936185995162366004noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9204374242006832151.post-13661075521136038352012-04-28T22:28:51.165+01:002012-04-28T22:28:51.165+01:00Interesting when you compare the two graphs that f...Interesting when you compare the two graphs that for South Korea, there is a kink around the time of the Asian Financial Crisis (96/97) in the second graph, yet not in the first. <br /> Maybe it just reflects the crash of the won vs the $US at this time. <br /><br />We also tend to assume that GDP measures ($US or PPP) are perfect yardsticks for measuring living standards. <br /><br />In fact, we know there is a vast literature that refutes this. I'd be interested to see comparisons of other measures for Japan and South Korea. Perhaps we should think about living comfortably as incorporating other aspects of life than how much stuff we can buy.Camhttps://www.blogger.com/profile/08676163811763347519noreply@blogger.com