The Little Big Number: How GDP Came to Rule the World and What to Do about It

Philipsen, Dirk

ISBN 10: 0691175934 ISBN 13: 9780691175935
Published by Princeton University Press, 2017
Used Paperback

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Synopsis:

In one lifetime, GDP, or Gross Domestic Product, has ballooned from a narrow economic tool into a global article of faith. As The Little Big Number demonstrates, this spells trouble. While economies and cultures measure their performance by it, GDP only measures output. It ignores central facts such as quality, costs, or purpose. Sustainability and quality of life are overlooked. Losses don't count. The world can no longer afford GDP rule--GDP ignores real development. Dirk Philipsen demonstrates how the history of GDP reveals unique opportunities to fashion smarter goals and measures. The Little Big Number explores a possible roadmap for a future that advances quality of life rather than indiscriminate growth.

About the Author: Dirk Philipsen is a German- and American-trained professor of economic history at the Sanford School of Public Policy and a senior fellow at the Kenan Institute for Ethics, both at Duke University.

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Bibliographic Details

Title: The Little Big Number: How GDP Came to Rule ...
Publisher: Princeton University Press
Publication Date: 2017
Binding: Paperback
Condition: Very Good
Dust Jacket Condition: No Jacket

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