Beyond GDP – The daily blog of behavioral and cognitive economics

What Could Replace the GDP?

Trying to stay well, we let physicians decide what to monitor. As a result, we might have an EKG, a cholesterol test, the new colon cancer blood test. Some feel though that different criteria would be more appropriate. Similarly, trying to keep our economy healthy, we emphasize a GDP focus that some disagree with. Through a new UN report, we can consider an alternative. Repeating what economists have told us for years, a UN commission believes that “key dimensions of progress sit outside the GDP.” ….[READ]