Bob Jamieson
boosted
How to measure a good life
#GDP has a narrow focus: it only counts what can be bought & sold.
“… a tree’s sequestration of carbon and release of oxygen are not recorded in GDP, even though they have or create value to people,” write economists Richard Heys & Himanshi Bhardwaj & statistician Cliodhna Taylor.
They report on a #UK Office for National #Statistics project to explore how to provide a more holistic view of economic prosperity.”