#98: GDP & Measuring Growth

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“It measures everything in short, except that which makes
life worthwhile.” - Robert Kennedy


It's the number that world leaders constantly talk about, using
it as proof of what a great job they are doing.


But what does it actually mean? What does it tell us, and what
doesn't it tell us? And what would happen if we stopped using it
altogether?


Measuring growth in history

Simon Kuznets & the invention of GDP

John Maynard Keynes & popularising GDP after WWII

How to calculate GDP

Why GDP started being used & when it was useful

Criticism of GDP #1: What is (and isn't) counted as part of
GDP

Criticism of GDP #2: Positive and negative contributions to
GDP

Criticism of GDP #3: Unpaid work & GDP

GDP per capita as a measure of 'how well we are doing'

Is all consumption good?

Bhutan & measuring happiness

Alternative #1: The Human Development Index

Alternative #2: The Human Capital Index

Alternative #3: The Genuine Progress Index

Abandoning measuring GDP altogether?




Full interactive transcript and key vocabulary available on the
website: https://www.leonardoenglish.com/podcasts/gdp


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