GDP is not a Good Measure of Wellbeing – It’s too Materialistic

Just under 10 years ago, the international Commission on the Measurement of Economic Performance and Social Progress issued its report, Mismeasuring Our Lives: Why GDP Doesn’t Add Up. The title summed it up: GDP is not a good measure of wellbeing. … Joseph E Stiglitz is a Nobel laureate in economics, university professor at Columbia University.