Gross Domestic Problem: The Politics Behind the World's Most Powerful Number
Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.
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Abramovitz accessed 15 July According American Analysis approach assets Bhutan Bureau of Economic calculations cent CIA’s civil society climate change Commission concept consumers consumption costs countries country’s crisis critical degrowth Department of Commerce depletion E.F. Schumacher ecological ecological footprint economic growth economic performance economists environmental estimates European expenditures GDP growth Green GDP Gross National Happiness Gross National Product Growth Obsolete happiness Happy Planet Index Human Development Ibid impact Income and Wealth Index indicators industrial institutions International investment Kuznets labour Limits to Growth macroeconomic Measurement of Economic Measuring Well-Being methodology military Moreover national accounts national income natural capital natural resources NBER Nordhaus and Tobin OECD official output permaculture policymakers political pollution president Product Accounts progress projects sector Simon Kuznets Soviet statistical sustainability System of National transition initiatives University Press well-being World Bank York