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
Topics:
Editor considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes Dispensing with the US-centric financial system
John Quiggin writes How to dispense with Trump’s US
John Quiggin writes Trump has thrown out the global economic playbook. It’s time for Australia to write its own rules
tom writes Germany’s election & why it is important to understand the Ukraine War
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