For decades, GDP has enjoyed supreme status as the predominant benchmark of our economic and social progress. In reality, GDP obscures or ignores essential aspects of Americans’ economic and social welfare, as well as important social and environmental dimensions of our national welfare and future well-being.
When we hold GDP against other indicators, it’s clear that our policy priorities have been wrong for thirty years. But a pervasive narrative linking GDP and market growth to social progress has shielded our politics from any real accountability for the lack of progress most Americans rightly feel in their everyday lives.
Beyond GDP: The need for new measures of progress.
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