GDP Needs Help: Let’s Build a Second Measure of Economic Strength

BOOK REVIEW – Betterness, Author: Umair Haque.

By Umair Haque – The Bureau of Economic Analysis calls GDP “the crowning achievement of 20th century economics”–and it is not overstating the case. It single-handedly allowed America to begin optimizing its economy for a then-compelling definition of prosperity: industrial output. GDP is an income statement for an economy–to use my auto...