GDP RIP (1933-2010)

Abstract

When a nation's Gross Domestic Product goes up, politicians glow with pride. When it goes down, headlines shout doom. Yet GDP says nothing about the real health of a nation. It measures nobody's happiness; it tells no one how much we are destroying our environment or our children's future. It ignores all the important measures of human life. Nic Marks says it is time we replaced this outmoded measurement with something more useful. © 2010 The Royal Statistical Society.