alt Hacker NewsAnd, in this case, the dollar-amount increase in GDP serves as a virtual quantitative proxy for the increase in mowed lawns (and the value thereof). In other words, the participants in this economy are collectively ~$200 richer with their mowed lawns than they were without them.
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If the pricing is fair and at arms' length. What's happening in reality is as if they are mowing each others' lawns at wink wink nudge nudge $1000. Not a good proxy for actual value created.
But also importantly the government of the residents' country is about 39% ($78) richer, if say the participants are honest in reporting this and the country is the UK and the participants are people like you and me in the tech industry who frequent HN and would think to do something like this.
This is a thinly disguised broken window parable.
If everyone goes around mowing lawns for each other, the economy is richer in lawn mowing at the expense of all the other things that would have been funded had everyone mowed their own lawns and purchased different services instead.