Relying on GDP, inflation or unemployment is an inadequate way to monitor the health of the economy.
Articles on Beyond GDP
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The two leading supporters of the ‘inclusive wealth’ metric, the UNEP and World Bank, can’t agree on how it should be measured.
Amid the global threats posed by climate change, spiralling energy costs, insecure employment and widening inequality, the need to rethink our notion of progress is now an urgent priority.
We talk to three experts who argue we governments need to find alternatives for their dependence on economic growth. Listen to episode 39 of The Conversation Weekly.
People inevitably became less contented during the pandemic, but it’s part of a longer trend.
An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
GDP is well suited to many things, but not to measuring the impact of disasters.
An obsession with GDP growth fails to account for some of society’s most pressing problems.
There is a plethora of highly troubling issues facing the global economy that are caused, in part, by globalisation.
I wanted to connect the happiness research I’d been doing over the years with what was happening, or indeed not happening, in the world.
Economists, politicians and the media watch GDP closely. But it isn’t the best way to measure the health of the US economy.
The finance industry has developed a powerful set of tools over the years, which could be used to improve well-being and solve our environmental problems.
We need environmentally-adjusted measures that don’t just focus on material goods.
Having a job plays an important role in our overall happiness – yet research also shows most of us are unhappy while we’re at work.
Our feelings of self-worth and contentment are no longer the preserve of writers and artists. Science has made measurement of our well-being a viable alternative to the banalities of economic output.
Moves to measure country progress in other ways to GDP are on the rise. Here’s how happiness researchers are changing the game.
The widely accepted concept of economic prosperity - GDP - increasingly fails to measure human well-being.
While Conservative pundits wonder why high scores for economic competence aren’t boosting poll numbers, some clues might lie away from financial measures.
Traditional economic measures suit the main parties – but not the electorate.
GDP growth only gets us so far in terms of increasing health and well-being, but greener policies can make us better off all round.
Top contributors
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Professor of Economics, The Open University
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Professor of Economics, Fordham University
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Professor of Economics, USC Dornsife College of Letters, Arts and Sciences
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Professor of Environment and Society, University of Essex
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Professor of Sociology, University of Aberdeen
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Associate Professor, Institute for Global Prosperity, UCL
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Doctor of Philosophy in Sustainable Futures, Institute for Sustainable Futures, University of Technology Sydney
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Lecturer in Economics, University of Sussex Business School, University of Sussex
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Honorary Senior Visiting Fellow at Bayes Business School, City St George's, University of London
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Professor of Political Economy at the Department of Geography and Fellow of Fitzwilliam College., University of Cambridge
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Honorary Research Associate at the Behavioural Science Centre, University of Stirling
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Doctoral researcher, Cathie Marsh Institute for Social Research, University of Manchester
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Professor Emeritus of Economics, SOAS, University of London
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Associate Professor of Economics, University of Essex
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Doctoral Researcher in Social Policy, University of Stirling