Article 2Z6TV Forget GDP – there’s more to Britain’s wealth than its bank balance | Julian Baggini

Forget GDP – there’s more to Britain’s wealth than its bank balance | Julian Baggini

by
Julian Baggini
from on (#2Z6TV)

A nation's cash value is still a go-to measure of wealth. But the quality of housing, healthcare and access to technology are the indicators we should focus on

The idea that GDP growth is the wrong measure of a nation's progress has become so widely accepted as to be the new common sense. Yet it is still the go-to number for lack of a credible alternative. Measuring happiness or wellbeing is fraught for numerous reasons, not least of which is that such indices make questionable assumptions about what it means to live a good life.

Related: Slow economic growth is not the new normal, it's the old norm | Larry Elliott

Related: The future: where borrowing is the norm and ownership is luxury

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