Why we're moving beyond GDP as a measure of human progress | UTS News Room - 0 views
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Simon Knight on 05 Jan 17How we track our economy influences everything from government spending and taxes to home lending and business investment. The Conversation series The Way We Measure takes a close look at economic indicators to better understand what's going on. Ever since 1944, Gross Domestic Product (GDP) has been a primary measure of economic growth. It's in the news regularly and, even though few can define what it means, there is general acceptance that when GDP is growing, things are good. There are problems with this simplistic formulation.