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:
Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025
Lars Pålsson Syll writes The pretence-of-knowledge syndrome
Dean Baker writes Crypto and Donald Trump’s strategic baseball card reserve
Lars Pålsson Syll writes How economists forgot the real world
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