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GDP’s Days Are Numbered — Diane Coyle

Summary:
Ditching gross domestic product as the main gauge of prosperity was always impossible in the absence of broad agreement about what the alternative might be. But as economists and statisticians develop wealth and well-being approaches to measuring economic success, the direction of change is clear.…Project SyndicateGDP's Days Are NumberedDiane Coyle | Professor of Public Policy at the University of Cambridgehttps://www.project-syndicate.org/commentary/replacing-gdp-with-wealth-and-wellbeing-indicators-by-diane-coyle-2021-12See also at PSWater As an Asset Class Is HereWillem H. Buiter | visiting professor of international and public affairs at Columbia Universityhttps://www.project-syndicate.org/commentary/emergence-of-water-as-an-asset-class-by-willem-h-buiter-2021-12

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Ditching gross domestic product as the main gauge of prosperity was always impossible in the absence of broad agreement about what the alternative might be. But as economists and statisticians develop wealth and well-being approaches to measuring economic success, the direction of change is clear.…
Project Syndicate
GDP's Days Are Numbered
Diane Coyle | Professor of Public Policy at the University of Cambridge
https://www.project-syndicate.org/commentary/replacing-gdp-with-wealth-and-wellbeing-indicators-by-diane-coyle-2021-12

See also at PS

Water As an Asset Class Is Here

Willem H. Buiter | visiting professor of international and public affairs at Columbia University
https://www.project-syndicate.org/commentary/emergence-of-water-as-an-asset-class-by-willem-h-buiter-2021-12
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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