Can We Truly Measure Economic Growth?

But would you think your standard of living was halved? I could see traveling back to then noticing the absence of some things and the inconvenience of others, but food, shelter, and clothing would be quite similar. Chilean produce in winter, microwaves, vcrs, computers and games, cell phones, wireless anything, microfiber, but most had substitutes though not necessarily close. Instead of fresh there was canned, tv dinners instead of microwavable frozen entrees, no substitute for moat electronics, phonebooks, catalogs, and the library were poor substitutes for the internet, polyester for microfiber. Sleeping minimally changed. Cooking took a little more time. Television is larger, higher quality picture, with remotes and more options but not hugely different. Landlines and phone booths instead of cellular. Driving is more reliable, possibly more luxurious, has fuel injection, and more gadgets, but not hugely different. Flying is cheaper. The time shifting of vcrs, position shifting of cell phones, and both of the internet would be the largest, but without them you would just spend your time and energy differently. That is probably the largest difference of all, but not so much a monetary one.