A Better Way to Measure GDP
As governments craft policies to “build back better” following an economic crisis, they need indicators that reflect a meaningful conception of “better.” This doesn’t mean governments need to abandon the standard GDP. Rather they should transform it into a series of indicators — much like existing US statistics for unemployment are reported as “U1” through “U6,” with each number reflecting different aspects of unemployment. Other … [ Read more ]
Content: Article | Authors: Ben Beachy, Justin Talbot Zorn | Source: Harvard Business Review | Subject: Economics