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Fallacy of GDP

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Why the GDP is the wrong yardstick to measure prosperity

Published on : January 16, 2020January 16, 2020 Published by : Srideep Das

From a GDP perspective, nuclear warheads do just as well as hospital beds or apple pie. -David Pilling, Author of the Growth Delusion

Tagged in : Fallacy of GDP GDP vs Wellbeing
Categorized in : Current Environment Global Economy Social
"While we have seen continuous increase in expendi "While we have seen continuous increase in expenditure in clean energy over the past years (,the urgency to achieve the net-zero target is yet to translate into large increases in spending on clean energy projects" writes Ayesha Aggarwal https://thepubliceconomist.com/?p=145035
"Since May 2020, indeed the #policy imperative of "Since May 2020, indeed the #policy imperative of #RBI has been “whatever it takes” to tackle the #economicgrowth recovery process. However, with the war in Ukraine and mounting #inflationary pressures, price stability has become the significant concern for RBI." Prof @lekhachakraborty1 explains the hawkish stance adopted by RBI in the recent #MonetaryPolicy announcement and newer tools deployed to achieve the goal. Click on the link in bio to read the full article.
"The #srilankacrisis is also a reminder of the per "The #srilankacrisis is also a reminder of the perils of populism. It is as much a responsibility of the people and the #civilsociety as it is of the government to ensure that political frenzy and opportunism do not lead to anti-modern, uneconomical policy (political) agendas and economic mismanagement" writes Atharv Desai pointing out that the current crisis is a structural one and not the result of ongoing geopolitical turmoil https://thepubliceconomist.com/?p=144991
"Across India more than six million #farmers have "Across India more than six million #farmers have adopted natural farming. Almost all types of crops viz cereals, millets, cotton, fruits, vegetables and spices are being cultivated under natural farming" Jayaram Killi, National Mission Manager, DAY-NRLM, explains in this comprehensive report how #NaturalFarming offers a solution to various ills plaguing #IndianAgriculture, such as food insecurity, farmers’ distress, and health problems arising due to pesticide and fertilizer residue in food and water, global warming, climate change and natural calamities https://thepubliceconomist.com/?p=144928
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