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Tag Archives for: "GDP"
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Global Debt Soars in the Post Crisis Economy

Ian Crowther By Ian Crowther Filed Under: All posts, Featured Posted: February 11, 2015

The McKinsey Global Institute last week released a report highlighting the fact that global debt has increased in the years since the credit crunch. Here Ian Crowther of the Business School at The University of Manchester analyses the findings and what the impact may be. A rather disturbing report was released by McKinsey Global Institute […]

Tagged With: austerity, GDP, global debt, interest rates, McKinsey Global Institute, monetary policy, QE

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Public policy and the hegemony of happiness

Annie Austin By Annie Austin Filed Under: Featured Posted: January 7, 2015

Policy fetishism about GDP is being replaced by an unthinking devotion to simplistic happiness indicators, warns Annie Austin. “In a decade’s time we’re going to be using happiness as the sole basis for judging the impact of public policy.” So stated Paul Dolan recently in the opening sequence of ITV’s Tonight programme, entitled ‘Is Britain […]

Tagged With: Bobby Kennedy, Bretton Woods, Canadian Index of Wellbeing, GDP, happiness, Jeremy Bentham, Legatum Institute, Office for National Statistics, Paul Dolan, utilitarianism, well-being

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Time to ditch GDP as a measure of economic well-being

Diane Coyle By Diane Coyle Filed Under: Featured, Whitehall Watch Posted: January 6, 2015

There is nothing inevitable or ‘natural’ about using GDP to measure the economy. The Office for National Statistics has embarked on a journey toward a more rounded assessment of economic well-being, argues Professor Diane Coyle. Just before Christmas, the Office for National Statistics took a giant step, in its normal low key manner: it published […]

Tagged With: Amartya Sen, bank of england, Colin Clark, Economic Well-Being bulletin, GDP, GNP, Gross Domestic Product, Gross National Product, James Meade, Jean-Paul Fitoussi, JM Keynes, Joseph Stiglitz, Office for National Statistics, ONS, Richard Stone, Simon Kuznets, the Treasury, well-being

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