On one hand, spending more doesn’t necessarily imply getting better results. On the other hand, investing in education is the single best investment a country can make.
I’m curious about your opinion.
Is that because GDP is so big?
Weird way of measuring it I’d have thought?
It’s a GDP post on /r/Ireland. We all know the drill.
Not only is Irish GDP a fairly useless metric, but spending as a % of GDP or GNI* is too, for some things.
And even absolute spending per capita can be misleading: for example, we spend about as many € per capita on healthcare as Germany, but the difference between the levels of provision in the two countries is pretty extreme.
Maybe we should be talking about **outcomes** rather than some silly spending metric.
Which reminds me: I keep seeing ads that tell me that one sixth of Ireland is functionally illiterate.
GDP used to add shock value.
For Ireland when comparisons it’s best to not use GDP.
5 comments
On one hand, spending more doesn’t necessarily imply getting better results. On the other hand, investing in education is the single best investment a country can make.
I’m curious about your opinion.
Is that because GDP is so big?
Weird way of measuring it I’d have thought?
It’s a GDP post on /r/Ireland. We all know the drill.
Not only is Irish GDP a fairly useless metric, but spending as a % of GDP or GNI* is too, for some things.
And even absolute spending per capita can be misleading: for example, we spend about as many € per capita on healthcare as Germany, but the difference between the levels of provision in the two countries is pretty extreme.
Maybe we should be talking about **outcomes** rather than some silly spending metric.
Which reminds me: I keep seeing ads that tell me that one sixth of Ireland is functionally illiterate.
GDP used to add shock value.
For Ireland when comparisons it’s best to not use GDP.