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Part I - Why a New Strategy Is Needed

Published online by Cambridge University Press:  24 May 2019

Rutger Hoekstra
Rutger Hoekstra
Affiliation:
MetricsForTheFuture.com, Leiderdorp, The Netherlands
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Summary

GDP is the most influential indicator in the world. It is published all over the world and there is a powerful logistical infrastructure (the "GDP multinational") which involves national statistical offices, international institutes, policy researchers, academics, media and society. Yet GDP is not a good measure of sustainability or well-being and this is why hundreds of alternatives have been proposed in the last decades. This "Beyond-GDP cottage industry" is expanding all the time but there is no sign that it is going to threaten the dominance of GDP anytime soon. Replacing GDP by 2030 provides a strategy to overcome this situation by 2030 and Chapter 1 provides an outline of the arguments made in the book.

Keywords

GDPBeyond-GDPSystem of National AccountsMacroeconomicsSustainable DevelopmentSustainabilityWell-beingGDP MultinationalBeyond-GDP Cottage IndustryGDPSystem of National Accounts (SNA)MacroeconomicsSimon KuznetsRichard StoneJohn MaynardWell-beingSustainabilitySustainable DevelopmentInequalityICTGlobalisationIndexSet of IndicatorsComposite indicatorsGreen AccountingSystem of Environmental and Economic Accounts (SEEA)Measure of Economic Well-being (MEW)Index of Sustainable and Economic Welfare (ISEW)Genuine Progress Indicator (GPI)Human Development Index (HDI)Better Life Index (BLI)Adjusted SavingsGenuine SavingsWealth AccountingSubjective Well-being (SWB)
Type
Chapter
Information
Replacing GDP by 2030
Towards a Common Language for the Well-being and Sustainability Community
 , pp. 1 - 102
Publisher: Cambridge University Press
Print publication year: 2019

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