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Synopsis
'[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering & Technology
Gross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.
In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.
As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.
[previously published as The Great Invention in North America]
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About the Author
Ehsan Masood is a senior editor at the science journal Nature. He is a former Knight Science Journalism Fellow at MIT and has written and presented documentary programmes for BBC Radio 4. His previous books include Science and Islam: A History (Icon, 2017).
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Paperback. Condition: new. Paperback. Gross Domestic Product (GDP) is the world's economic health-check, an influential ranking of global prosperity. A rising number is manna for markets and keeps business buzzing; a falling one is a portent of doom for everyone.But, as science writer Ehsan Masood deftly shows, GDP can be unforgiving for those countries that cannot be - or choose not to be - measured by its rules. And it fails to measure much of what is really important to our lives.GDP was created to help Western economies rebuild after the horrors of the Great Depression and to rise again from the fires of the Second World War. But it simultaneously rewarded decades of environmental destruction, and now, amid an unprecedented economic crisis, it faces a fight for its survival.What began as a useful formula to assess a country's path to prosperity, has trapped societies and leaders into a system of measurement from which the world has to break free. We must, and this book shows how we can. A highly topical look at the formula that dominates economics, and why it has outlived its usefulness. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781785787119
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Paperback. Condition: New. '[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering and TechnologyGross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.[previously published as The Great Invention in North America]. Seller Inventory # LU-9781785787119
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