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| | Are Accounting Scandals Good for the Economy? - Center for American Progress (Site not responding. Last check: 2007-10-31) |
 | | The intent of fraudulent accounting may have been more direct at Enron, but in the final tally, all the court cases, lawyers' fees, housing criminals, media frenzy, and payouts continue to be counted as positive gains by the accounting standards of GDP. |
 | | However, before we become too hopeful based on one-sided accounting, it is important to consider what is really going on in the economy. |
 | | Admittedly, the GPI cannot accurately reflect everything of value in an economy - or life, for that matter. Still, the GPI highlights an important message: the quality of economic development is at least as important as the quantity of economic growth as measured by GDP. |
| www.americanprogress.org /site/pp.asp?c=biJRJ8OVF&b=37091 (1256 words) |
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