File:Largest-Economy.jpg

From Green Policy
Jump to: navigation, search
Largest-Economy.jpg(497 × 370 pixels, file size: 54 KB, MIME type: image/jpeg)

Measured in traditional/orthodox economic terms

https://en.wikipedia.org/wiki/Economic_development

GDP - https://en.wikipedia.org/wiki/Gross_domestic_product

GNP - https://en.wikipedia.org/wiki/Gross_national_product

GNI - https://en.wikipedia.org/wiki/Gross_national_income


○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○


Alternatives to the Dominion of GNP/GDP

In 1937 in the US, Professor Simon Kuznets of the National Bureau of Economic Research, who would go on to win the Nobel Prize in economics, was asked by Congress, under pressure from the hardship of the Great Depression and its challenge to the system of capitalism itself, to develop a data set to assess the state of the national economy. In 1937, Kuznets presented a vast volume of data on income to Congress. It became the Gross National Product (GNP).

> (Via OtherWords) With remarkable foresight and humility, Kuznets warned that his newly minted GNP shouldn't be used as an instrument of social policy. It could never adequately measure the things we value, he said, such as housework or caring for elderly parents. Nor, he warned, could the GNP distinguish between the growth of good and bad jobs. The data would be the same if workers earned their pay from employers who endangered their lives or guarded their health and safety. "Goals for more growth should be more growth of what and for what," Kuznets said.

>Alas, Kuznets' warnings on the GNP — later renamed the Gross Domestic Product (GDP) — went unheeded. Instead, the GDP became the barometer of health not only for the U.S. economy, but for the entire global economy.

>More than 70 years later, the desirability of GDP growth is so entrenched in our national and international discourse that it's hard to imagine it any other way. The revered indicator's expansion or contraction can swing national elections. Conversely, talk of GDP declines can drive a country to war.


Read More:


Genuine Progress Indicator -- https://en.wikipedia.org/wiki/Genuine_progress_indicator


File history

Click on a date/time to view the file as it appeared at that time.

Date/TimeThumbnailDimensionsUserComment
current18:29, 18 July 2016Thumbnail for version as of 18:29, 18 July 2016497 × 370 (54 KB)Siterunner (Talk | contribs)Measured in traditional/orthodox economic terms

There are no pages that link to this file.

Personal tools
Namespaces

Variants
Actions
GreenPolicy360
Daily Green Stories
About Our Network
Navigate GreenPolicy
Hot Times
Climate Action Plans 360
GreenPolicy360 in Focus
Going Green
Global Green New Deal
Green Education
Relational Eco-Politics
Biodiversity, Protecting Life
New Visions of Security
Strategic Demands
'Planetary Health Pledge'
Global Food Revolution
Earthviews
Countries & Maps
Digital 360
Fact Checking, 'Facts Count'
Data, Intelligence, Science
GreenPolicy360 & Science
Climate Denial / Misinfo
Eco-Education
GreenPolicy Reviews
Envir Legis Info (U.S.)
Envir-Climate Laws (U.S.)
Trump Era Envir Rollbacks
Wiki Ballotpedia (U.S.)
Wiki Politics (U.S.)
Wikimedia Platform
Green News/Dailies
Green News Services (En)
Green Zines (En)
Green Lists @Wikipedia
Climate Action UN News
Climate Agreement / INDCs
Wikipedia on Climate
GrnNews Reddit Daily
Climate Current Metrics
Climate Historic Studies
Climate Change - MIT
Climate Change - NASA
Copernicus Programme
Our World in Data
Worldometer
EcoInternet Search Engine
Ecosia Search Engine
Identify Nature's Species
Meta
Tools