Global Women's Project | Thu, Nov 18, 2010
The Gross Domestic Product measurement (GDP) has come to represent the economic well-being of a society, thereby relaying how successful that society is. Yet in looking at the unemployment numbers of this past summer, our society does not seem to be enjoying the economic well-being that the GDP supposedly illustrates. Read “What’s Wrong with the GDP?” to learn about the need for complementary indicators. This briefing paper, written by Julia Wartenberg, discusses what the GDP does and does not measure and argues for the incorporation of care work (paid and unpaid) into our measurement of societal well-being. Download the paper here.
Additional Resources on Alternatives to the GDP:
- de Leon, Erwin and Elizabeth T. Boris. "The State of Society: Measuring Economic Success and Human Well-being." (Commissioned by the Center for Partnership Studies)
- Eisler, Riane. "The Real Wealth of Nations: Creating a Caring Economics"
- David Korten, Agenda for a New Economy, 2d ed. Oakland: Berrett-Koehler Publishers, 2010.
- Stiglitz, Jospeh E., Amartya Sen and Jean-Paul Fitoussi. "Report by the Commission on the Measurement of Economic Performance and Social Progress."