Replacing GDP by 2030

£38.00

Replacing GDP by 2030

Towards a Common Language for the Well-being and Sustainability Community

Economics Macroeconomics Economic growth Econometrics and economic statistics Welfare economics Sustainability

Author: Rutger Hoekstra

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Language: English

Published by: Cambridge University Press

Published on: 30th May 2019

Format: LCP-protected ePub

Size: 3 Mb

ISBN: 9781108759540


How did Gross domestic product (GDP) become the world''s most influential indicator?

Why does it still remain the primary measure of societal progress despite being widely criticised for not considering well-being or sustainability? Why have the many beyond-GDP alternatives not managed to effectively challenge GDP''s dominance?

The underlying communities

The success of GDP and the failure of beyond-GDP lies in their underlying communities. The macro-economic community emerged in the aftermath of the Great Depression and WWII. This community formalised their ''language'' in the System of National Accounts (SNA) which provided the global terminology with which to communicate.

On the other hand, beyond-GDP is a heterogeneous community which speaks in many dialects, accents and languages. Unless this changes, the ''beyond-GDP cottage industry'' will never beat the ''GDP-multinational''.

The proposed roadmap

This book proposes a new roadmap to 2030, detailing how to create a multidisciplinary Wellbeing and Sustainability Science (WSS) with a common language, the System of Global and National Accounts (SGNA).

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