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Lessons from the history of GDP in the effort to create better indicators of Prosperity, Well-being and Happiness

Costanza, Robert; Hart, Maureen; Kubiszewski, Ida; Posner, Stephen M.; Talberth, John

Description

GDP was never designed as a measure of national progress, prosperity, or well-being, and yet it has become the most widely accepted and influential goal for national economic policy. This paper explores how this has come to be, why it is well past time for a change, and what some of the alternatives to GDP might be. These alternative focus on measuring sustainable human well-being, rather than marketed economic activity � what GDP measures. Because GDP measures only monetary transactions...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Book chapter
URI: http://hdl.handle.net/1885/165183
Book Title: Routledge Handbook of Sustainability Indicators
DOI: 10.4324/9781315561103-7

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