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The Big Picture brings together a range of PS commentaries to give readers a comprehensive understanding of topics in the news – and the deeper issues driving the news. The Big Question features concise contributor analysis and predictions on timely topics.
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?