ReConsidering GDP

Recently Erik saw an article in which nobel-winning economist Joseph Stiglitz says 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? Hosted on Acast. See acast.com/privacy for more information.