GROSS DOMESTIC PROBLEM
Gross Domestic Product (GDP) is arguably the most well-known statistic in the contemporary world. It drives government policy and sets priorities in a variety of vital social fields – from schooling to healthcare. Yet this it has come to be regarded by many as a “problem.” Does our quality of life really improve when our economy grows 2 or 3%? Can we continue to sacrifice the environment in the name of infinite economic growth?
In Gross Domestic Problem, Lorenzo Fioramonti takes apart the “content” of GDP – what it measures, what it doesn’t and why – and reveals the powerful political interests that have allowed it to dominate today’s economies. He also shows that an alternative is possible.