By Resilience.org Staff, Resilience.org
Due to editorial holiday, there will be light posting from 18th November to 8th December. Regular posting will resume on 9th December.
By Stephan Schmidt, OurWorld 2.0
My question was: if GDP has so many flaws and numerous attempts were made at finding ‘better’ numbers, then why are we are still using GDP? Is it possible that there are specific interests supporting the nexus between GDP and policymaking? What are the political dimensions of this almighty number? So I set out to do my research on the history of GDP and realized that this story needed to be told. The story of GDP is the story of how we built the type of society we live in. It is the story of how economics took over all other sciences to become the servant of power.