st_ouennais (st_ouennais) wrote,
st_ouennais
st_ouennais

Measuring the meaningful


I was taken with this graph in a this short article at https://www.weforum.org/agenda/2018/11/forget-gdp-for-the-21st-century-we-need-a-modern-economic-measure?fbclid=IwAR3xK4dVowtyfPvgpU4Ce-x5gh73x2LJtumFWY9mFUsoVaFxRYTLdymnY-k

It exemplifies all too well just how natural capital has been declining while economic measures have been 'improving'. At some point we are going to have to stop depleting  that natural capital. When we do, what happens to those other measures?  it pays when measuring to be sure what you are measuring is meaningful..

Tags: gdp, measurement
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