The whole world looks at gross domestic product to gauge economic success. It’s a simple, single number that makes comparisons over time and between countries easy. But it does not reflect people’s incomes and fails to include anything that does not have an easily calculated monetary value, such as the natural environment. How can we measure our economies in a way that does not encourage environmental destruction, that gives a better indication to how real people are doing, and perhaps even looks beyond monetary wealth to include things such as personal well-being and even happiness? This episode of Stakeholder Capitalism asks, how can we go beyond GDP?
Guests:
Diane Coyle, co-director of Cambridge University’s Bennett Institute of Public Policy;
Girol Karacaoglu, head of the School of Government, Victoria University of Wellington, New Zealand.
Hosts: Natalie Pierce and Peter Vanham
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