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GDP

GPI vs. GDP: Does Size Matter More Than Substance?

U.S House Representative Ilhan Omar (D-MN) recently introduced a bill in Congress to overhaul GDP, the nation’s most-watched economic indicator. July 30th she introduced the Genuine Progress Indicator (“GPI”) Act. It would be a significant change for the trajectory of…

‘Everything Is Not Fine’: Nobel Economist Calls on Humanity to End Obsession With GDP

“If we measure the wrong thing,” warns Joseph Stiglitz, “we will do the wrong thing.” by Jon Queally, staff writer for Common Dreams Nobel Prize winning economist Joseph Stiglitz is warning the world that unless the obsession many world leaders have…

Economic growth: a short history of a controversial idea

The relentless pursuit of GDP growth is being challenged from environmental and well-being standpoints. But where did the idea come from? By Gareth Dale for openDemocracy The politics of economic growth are complex and contested as never before. In rich…