Is GDP An Obsolete Measure of Progress?
Is GDP An Obsolete Measure of Progress? - , January 30, 2010
Could it be that the GDP, that gold standard of economic data, might not be the best way to gauge a nation's relative prosperity? One new calculation that's been attracting attention is the Happy Planet Index (HPI), which combines economic metrics with indicators of well-being, including subjective measures of life satisfaction, which have become quite sophisticated (HPI uses data from Gallup, World Values Survey, and Ecological Footprint).
- TIME