Why GDP just doesn’t add up

Diane Coyle interviewed by Viv Davies, 9 Jun 2014

As a measure of economic activity, GDP is imperfect, but no more so than any single indicator of the whole economy. Yet public policy debate about the economy is often focused on GDP growth to the exclusion of other important considerations. This Vox Talk argues the case for a ‘dashboard’ of alternative indicators that, in addition to measuring economic activity, could also capture social welfare, sustainability and the benefits of innovation.


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Topics: Frontiers of economic research
Tags: GDP measurement, happiness, hedonic price index

Managing Director of Enlightenment Economics

Vox Talks