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GDP RIP (1933–2010)
Author(s) -
Marks Nic
Publication year - 2010
Publication title -
significance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 21
eISSN - 1740-9713
pISSN - 1740-9705
DOI - 10.1111/j.1740-9713.2010.00409.x
Subject(s) - nobody , pride , nothing , happiness , gross domestic product , product (mathematics) , history , economic history , economics , political science , law , philosophy , economic growth , computer science , computer security , mathematics , epistemology , geometry
When a nation's Gross Domestic Product goes up, politicians glow with pride. When it goes down, headlines shout doom. Yet GDP says nothing about the real health of a nation. It measures nobody's happiness; it tells no one how much we are destroying our environment or our children's future. It ignores all the important measures of human life. Nic Marks says it is time we replaced this outmoded measurement with something more useful.