{"id":690,"date":"2008-09-04T14:24:35","date_gmt":"2008-09-04T19:24:35","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/?p=690"},"modified":"2008-09-04T14:24:35","modified_gmt":"2008-09-04T19:24:35","slug":"gdp-growth-needs-replacing-but-with-what","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/gdp-growth-needs-replacing-but-with-what\/","title":{"rendered":"GDP Growth Needs Replacing, But With What?"},"content":{"rendered":"

\"GraphLast week, while poking around a few dusty corners of the internet, I came across a small business future group which one person had left because of disagreement about the prominence of sustainability in the group\u2019s charter.<\/p>\n

This is a shame. Those who are facing up to the current challenges in business need to work together to find the solutions, not argue over the relative importance of their preferred approaches.<\/p>\n

Then a post on World Changing<\/a> caught my eye. \u201cThe Two Faces of Economic Reporting\u201d<\/a> points out that last week\u2019s growth in US GDP growth<\/a> was underpinned by the largest drop in personal income for over three years<\/a>.<\/p>\n

Whether you classify this as an issue of concerning sustainability, responsibility, society, business, the media, politicians or penguins is neither here nor there.<\/p>\n

What does matter is that GDP is a niche indicator, measuring only the amount of money changing hands and nothing else. As the drop in personal income demonstrates, it is not an indicator of the economy\u2019s overall health.<\/p>\n

The author of the piece is Clark Williams-Derry<\/a>, the research director for the Sightline Institute<\/a> in Seattle. He goes on to comment:<\/p>\n

It’s high time that reporters caught on to the new reality — GDP isn’t much of a bread-and-butter story anymore, and “economic growth” doesn’t mean what we think it does.<\/p><\/blockquote>\n

All of which begs the question, what should we use to measure our economic health? instead A variety of alternative indicators have been proposed, which one gets your vote?<\/p>\n

Post your favourites below and if there\u2019s enough I\u2019ll post an article highlighting them!<\/p>\n

Related Posts:<\/strong>
\n
The Virtue of Conservation<\/a>
\n
Morality and Markets: The Depth of our Carbon Footprints<\/a>
\n
Three widgets to measure and help your \u2019sustainability bottom line\u2019<\/a><\/p>\n

Picture Credit: Gpigraph by Miss Rogue on flickr under Creative Commons Share Alike 2.0<\/h6>\n","protected":false},"excerpt":{"rendered":"

Last week, while poking around a few dusty corners of the internet, I came across a small business future group which one person had left because of disagreement about the prominence of sustainability in the group\u2019s charter. This is a shame. Those who are facing up to the current challenges in business need to work […]<\/p>\n","protected":false},"author":11,"featured_media":691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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