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Measuring GPI

Majority of economists today look at country’s GDP to understand its economic well being. However, GDP was never intended to be used in such way.  Criticism for using GDP include that it does not account for the changes in natural

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Posted in climate change, community, corporate sustainability, economic development, sustainable development, sustainable living

If the GDP is Up, Why is America Down?

In If the GDP is Up, Why is America Down?, the authors identify “shifting functions from the traditional realm of household and community to the realm of the monetized economy” as a bogus contribution to GDP growth. They then give

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Posted in ecological footprint, economic development, sustainable development

Measuring the right things means a chance of achieving the right goals

The pundits claim ‘If it isn’t being measured, it isn’t being managed’ (generally attributed to Peter Drucker) and how we have become masters of measuring. We measure everything from sales, return on equity, unemployment, sheep in the national flock, the

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Posted in economic development