alternative metrics

The third quarter GDP numbers were released this morning, which show a GDP increase of 2.8 percent, an increase from the 2.5 percent reported for the second quarter. Among other factors, increases in personal consumption and state and local government spending helped contribute to the increase in...
11/07/2013
Blog
Yesterday, Jared Bernstein and Dean Baker wrote about the new changes in how the Bureau of Economic Affairs calculates GDP. In short, as Bernstein and Baker explain: Now there is a new category in the quarterly G.D.P. reports called “intellectual property products,” including “entertainment...
08/01/2013
Blog
Tomorrow’s fourth quarter GDP release will likely show a growth rate of around 1.1. percent, a substantial slowdown from the third quarter rate of 3.1 percent. Economists will report that this means the economic growth is slowing. Yet, as we ask continually, what is actually being measured by GDP?...
01/29/2013
Blog
For the first time, the U.S. is no longer one of the top 10 prosperous countries, as ranked by the 2012 Legatum Institute’s Prosperity Index. Legatum, a non-partisan, independent think tank based in the UK, uses eight metrics to determine their Prosperity Index that combine both hard data and...
11/05/2012
Blog
The economic analysis of the impact of Hurricane Sandy is a perfect example of the flaws of GDP and our over-reliance on it as a metric of progress. Just like with Hurricane Irene, there will be some GDP growth from Sandy-- spikes in consumption as people stock up on batteries, food supplies, water...
11/01/2012
Blog
Tomorrow’s GDP numbers will likely show a growth rate around 1.9 percent. Economists predict that an increase in consumer spending will be what helps boost this quarter’s GDP growth rate, which is higher than last quarters’ increase of 1.3 percent. The quarterly GDP release is...
10/25/2012
Blog
The 4th OECD World Forum on Statistics, Knowledge and Power begins tomorrow in New Delhi, India and will bring together roughly 1,000 participants to talk about alternative metrics beyond GDP. The theme of this year’s conference is, “Measuring Well-Being for Development and Policy...
10/15/2012
Blog
Yesterday brought the sad news that noted environmental advocate and scholar, Barry Commoner, had passed away. As pointed out in the many tributes to his life and achievements, Commoner was one of the founders of modern environmentalism and embraced a more complex, holistic view of environmental...
10/02/2012
Blog
A new report from the World Business Council for Sustainable Business details the importance of environmental accounting. As the report highlights that while every business depends on ecosystems, these resources are being rapidly depleted. The impact that resources depletion has on businesses is...
09/13/2012
Blog
By now, regular readers know how we feel about the reliance on GDP as the main economic indicator and its inability to measure our economic and social well-being. Alternative indicators that can provide more of a complete picture include the Genuine Progress Indicator, the Inclusive Wealth Index,...
08/22/2012
Blog
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