by From Peter Söderbaum Present accounting systems at the national and organizational level are closely connected with neoclassical economics. The main parameter in national accounting is Gross Domestic Product (GDP). Other macroeconomic indicators are consumption, investments, exports, imports. These variables are all monetary in kind. But as has (hopefully) been made clear, present threats to mankind are as much, if not more, of a non-monetary kind. Today “sustainable development” has become a key challenge where non-monetary accounting of a tentative or more standardized kind are very much needed. Few people among those who take part in the development dialogue consider GDP and GDP-growth to be a sufficient idea of welfare. Economics, ideological orientation and democracy for
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from Peter Söderbaum
Present accounting systems at the national and organizational level are closely connected with neoclassical economics. The main parameter in national accounting is Gross Domestic Product (GDP). Other macroeconomic indicators are consumption, investments, exports, imports. These variables are all monetary in kind.
But as has (hopefully) been made clear, present threats to mankind are as much, if not more, of a non-monetary kind. Today “sustainable development” has become a key challenge where non-monetary accounting of a tentative or more standardized kind are very much needed. Few people among those who take part in the development dialogue consider GDP and GDP-growth to be a sufficient idea of welfare.
Economics, ideological orientation and democracy for sustainable development