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Rescooped by Bruce Fellowes from The Economic Method
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GDP is not a good measure of wellbeing – it's too materialistic | Joseph Stiglitz | Business | The Guardian

GDP is not a good measure of wellbeing – it's too materialistic | Joseph Stiglitz | Business | The Guardian | Economists & Theorists | Scoop.it
Why focus on production of goods, rather than on health, education and environment?

Via Graham Watson
Graham Watson's curator insight, December 3, 2018 10:27 AM

This Joseph Stiglitz piece takes the Project Syndicate prize for Money for Old Rope articles. Nevertheless, if you've not come across the debate before, you might ask whether GDP is a good measure of subjective well-being, and, if it isn't, why we continue to use it. 

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Economists have to let go of the delusion that they have all the answers | Tim Thornton

Economists have to let go of the delusion that they have all the answers | Tim Thornton | Economists & Theorists | Scoop.it
Economics isn’t always the best starting point in understanding our world. Sometimes a philosopher, sociologist, or historian might be better for analysis
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