Breaking the Wall of Misleading National Indicators: How Economics Can Measure Real Progress (Enhanced DVD)

With global market uncertainty at an all-time high, projection scenarios for future economic growth are increasing based on Genuine Progress Indicators (GPI. Unlike Gross Domestic Product (GDP) and other national income indices such as Gross National Product (GNP), the GPI places emphasis on quality of life and ecological limits. Identifying systemic problems is a major challenge for national governments. The GPI and other alternative measures are enabling officials to target instabilities. Environmental impact and social costs related to economic production and also consumption may induce positive or negative consequences.

Measurement of what were once considered intangibles in the general economy, such as the overall health and wellbeing of a national population, now serve to inform economists of secondary effects to market forces. GPI economics advocates for a measure of economic progress that distinguishes changes in value ascribed to ecological and social impacts as part of the formula for economic prosperity. For this reason, suggests the program the GPI rating of a country will be reported as zero where financial costs associated with pollution and poverty are costs equal to financial gains from the output of goods and services all other variables being constant.

Breaking the Wall of Misleading National Indicators: How Economics Can Measure Real Progress  (2011) promotes the innovation of new economic solutions to meet contemporary conceptions of collective wellbeing, environmental sustainability, and social justice. 

Breaking the Wall of Misleading National Indicators: How Economics Can Measure Real Progress

• DVD
• ISBN 978-1-62290-489-1
• Run Time 15 Minutes
• Copyright 2011
• Closed Captioned (CC)