Reply To: Time to replace GDP with metrics of sustainability and well-being

Homepage Forums Public Forum Time to replace GDP with metrics of sustainability and well-being Reply To: Time to replace GDP with metrics of sustainability and well-being

#6486

I agree with some of the doubts surrounding GPI, including the fact that it requires us to monetize ‘assets’ that are not monetizable, with the risk of ending up putting a price on things that we should value per se. In some areas, like in natural capital accounting, this has already generated some paradoxes and speculation. What matters at this stage, I think, is the focus all our attention on ‘dethroning’ GDP and pushing statistical offices (and their governments) towards new dashboards that monitor economic development without turning everything into market prices. We need more ecological/carbon footprints, more statistics on time management and household activities. And we need the actual values, not the prices. To do so, we need to first unseat GDP. As GPI tries to ‘rectify’ GDP, it will in the end suffer from the same contradictions.