But at the same time GDP has fallen - fallen by the amount we used to pay for power but now don’t. OK, we’re all vastly richer because power is now free (to continue with the example being ludicrous, no distribution costs etc etc - power finally too cheap to meter). Someone invents the black box which provides power at zero cost. If that relationship changes, which we would insist it is doing, then GDP becomes an ever worse measure of societal income and wealth. If the relationship is stable - say, the consumer surplus is equal to 100% of GDP, always - then there’s no problem. A useful definition of the consumer surplus (one to horrify actual economists but one that works all the same) is the amount we are richer that doesn’t get included in GDP. But the real biggie is that it doesn’t include the consumer surplus. Yes, we all know the standard critiques of GDP, it doesn’t count household work, includes cleaning up pollution as growth and so on. And reifying proxies doesn’t work - because it loses sight of the fact that it is a proxy.
It’s vital to recall that like so many economic numbers GDP is a proxy. Our particular bee in the bonnet is counting. The commission, which is to be chaired by Douglas McWilliams, the leading economist, will also analyse the impact different policy decisions have on GDP per capita. The former prime minister has convened the non-partisan group, which is being called The Growth Commission, to investigate the causes of sluggish growth. Liz Truss will launch a new international task force to revive flagging economic growth in the West. A music video featuring actors Dianna Agron and Chris Messina was released on 1 August 2014 and it features content similar to the song's lyrics.Of course, at times like this everyone brings out their own bugbears for a good trot around the paddock. Commercially, the song was another success for Smith, becoming a top-three hit in the United Kingdom, a top-five hit in the United States, and a top-ten hit in over ten countries. It received a positive response from critics, who praised their emotional vocals and its instrumentation. A piano soul ballad, anchored by orchestral strings and a gospel structure, "I'm Not the Only One" deals with themes of infidelity in a relationship and was inspired by a marriage of someone Smith and Napes knew.
Capitol Records released it to digital download on 31 August 2014 as the album's third single in the United Kingdom and on 24 September 2014 as the album's second single in the United States an alternative version with American rapper A$AP Rocky was also released. It was written by Smith with Jimmy Napes, who also produced the song along with Steve Fitzmaurice. "I'm Not the Only One" is a song recorded by English singer Sam Smith from their debut studio album, In the Lonely Hour (2014).
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