Why GDP fails to measure economic well-being

A primer on the defects of GDP as a measure of economic well-being, from Econ4’s James Boyce:

Source: The Real News Network.

Grow the good, shrink the bad

Econ4’s James Boyce writes that we need better measures of economic well-being, better public policies, and better language:

We need to move beyond the stale “pro-growth” versus “anti-growth” rhetoric of the past. It’s time to raise a new banner: Grow the good and shrink the bad.

 

Read more here.