Economist Michael Green offers his contribution to a recent spate of alternatives to the gross domestic product (GDP) measurement. Like Simon Anholt before him, Green concludes that GDP is an outdated, inadequate appraisal of national progress. So he and his team devised a new barometer – the Social Progress Index, an empirical tool that will satisfy economists as well as humanists. getAbstract recommends Green’s intriguing, humorous lecture to anyone who recognizes the shortcomings of the GDP metric and those who should.
In this summary, you will learn
- How the GDP metric originated,
- Why it is obsolete and
- Why the Social Progress Index offers an alternative solution.
About the Speaker
Michael Green is CEO of the Social Progress Imperative, the initiative that developed the Social Progress Index.