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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?

Featured in this Big Picture

  1. Philipp LepeniesPhilipp Lepenies
  2. Urs RohnerUrs Rohner
  3. Joseph E. StiglitzJoseph E. Stiglitz
  4. Peter SingerPeter Singer

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