Topic updates
Rethinking GDP
6th March 2017
Diane Coyle has an article on new measures of economic welfare in the March 2017 edition of Finance and Development from the IMF. Strongly recommended for students and teachers wanting an updated resource to strengthen your teaching / class notes on this important topic.
Diane concludes that:
"Public conversation about economic policy is largely conducted in terms of GDP growth, so the erosion of GDP’s status as a reasonable measure of economic welfare is a serious matter indeed."
- Economics
- Blog
- Topic updates
- Gross domestic product (GDP)
- Economic welfare
- Welfare economics
- Diane Coyle
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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