GDP-box Getty Images

The Trouble with GDP

Economists have long recognized the limits of gross domestic product as a means of measuring economic activity and prosperity – namely, that it can miss both negative externalities and what Robert Kennedy once described as "that which makes life worthwhile." But if GDP is so flawed, why do we still rely on it?

rohner1 chart
stiglitz116_Jonathan Kitchen Jonathan Kitchen
Singer78_Christoph Hetzmkannseder Christoph Hetzmkannseder
http://prosyn.org/HEZAviJ;

We hope you're enjoying our PS content

Subscribe

To have unlimited access to our content including in-depth commentaries, book reviews, exclusive interviews, PS OnPoint and PS The Big Picture, please subscribe

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.