Gross domestic product is arguably the best-known statistic in the
contemporary world, and certainly amongst the most powerful. It
drives government policy and sets priorities in a variety of vital
social fields - from schooling to healthcare. Yet for perhaps the
first time since it was invented in the 1930s, this popular icon of
economic growth has come to be regarded by a wide range of people
as a 'problem'. After all, does our quality of life really improve
when our economy grows 2 or 3 per cent? Can we continue to
sacrifice the environment to safeguard a vision of the world based
on the illusion of infinite economic growth? Lorenzo Fioramonti
takes apart the 'content' of GDP - what it measures, what it
doesn't and why - and reveals the powerful political interests that
have allowed it to dominate today's economies. In doing so, he
demonstrates just how little relevance GDP has to moral principles
such as equity, social justice and redistribution, and shows that
an alternative is possible, as evinced by the 'de-growth' movement
and initiatives such as transition towns. A startling insight into
the politics of a number that has come to dominate our everyday
lives.
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