Diane Coyle, “What Will Succeed GDP?”
There is a widespread consensus that GDP is no longer a useful measure of economic progress. Its successor will need to tell a persuasive story of what is happening in our economies, both compelling and consistent with experience. Three broad possibilities exist: (1) ask people how much they value free things excluded from GDP (like the natural environment, leisure, digital goods such as online search and social media) to generate a meaningful economic-welfare metric, (2) the direct measurement of wellbeing or happiness, (3) to measure wealth rather than income (reads in 7-8 min).

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