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Friday, June 6, 2014

Is It Time To Ditch The GDP For The GPI? A Growing Number Of States Thinks So


 Is it time to ditch GDP? "Imagine this: your state is thinking about building a new coal plant. Gross domestic product measures how much money that project would produce. But it can’t account for the children who get asthma or the people who die from that air pollution. And that’s a problem. What was once a highly technical debate about the failures of conventional economic metrics is fast becoming a world movement to unseat GDP and replace it with something better. In America, many states are finding new, more holistic measures of progress. Already, Maryland, Oregon and Vermont have begun using the genuine progress indicator (GPI)." Sean McElwee and Lew Daly in The Washington Post.


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