Trouble with GDP
Last year we looked at the usefulness of GDP as a measure and of constant growth as a pursuit for society. It’s time for a catch up on the trouble with GDP.
Last year we looked at the usefulness of GDP as a measure and of constant growth as a pursuit for society. It’s time for a catch up on the trouble with GDP.
We look at the limits to growth – can the economy keep on growing for ever, or will we hit some natural constraints?
We take a look at the most commonly used measure of growth: gross domestic product, or GDP. Is it fit for purpose, or is there a better metric out there?
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Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
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