January 9, 2018

82. Is GDP the best way to measure wealth? (preview)

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We rely on GDP to measure the wealth of a country and it’s rate of growth, but is it the most meaningful measure? Phil Dobbie asks Prof Steve Keen whether it’s an accurate measure of happiness, for example. And Steve suggests its an incomplete measure if it doesn’t consider the return on the energy invested to provide growth. So how should we really go about measuring the health of an economy.

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