Good-bye,GDP. Hello, six-part balance sheet?

GDPEconomist Diane Coyle says that the idea that Gross Domestic Product (GDP) is inadequate as a measure of economic well-being dates back to the 1960s. At the time, environmentalists and feminist scholars pointed out some obvious shortcomings: the failure to account for environmental externalities and the failure to count valuable non-market services such as work in the home. But it is only in the past decade that the need to go 'beyond GDP' in measuring economic progress has become increasingly mainstream. To read more, click here.