Economist Edoardo Campanella examines the conceptual and technical flaws of the world’s most important metric, and asks whether and how it could be reformed.
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Is It Time to Abandon GDP?
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Like many great inventions, gross domestic product has been used in ways that its creators never intended and might not approve. Given that it misses so much that contributes to human wellbeing – and excludes even more – why do we continue to rely on it as our primary welfare indicator?
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