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Franklin Delano Roosevelt Memorial. Statues of men in a food line during the Great Depression.
Statues of men in a food line during the Great Depression. FDR Memorial in DC

ReConsidering GDP

What can GDP really tell us about how we’re doing, overall?

Recently Erik saw an article in which nobel-winning economist Joseph Stiglitz says that an obsession with looking at GDP has become a problem:

“The world is facing three existential crises: a climate crisis, an inequality crisis and a crisis in democracy,” he writes. “Yet the accepted ways by which we measure economic performance give absolutely no hint that we might be facing a problem.”

“If we measure the wrong thing, we will do the wrong thing,”

Do we need to reconsider how useful GDP can be as a measure of economic health?

 

Show Notes

 

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