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Gross Domestic Problem: Why GDP Misleads & How to Fix It

Researchers
Prof. Shlomo Maital , Ella Barzani
Cite As:
Maital Shlomo , Barzani Ella . Gross Domestic Problem: Why GDP Misleads & How to Fix It Haifa Israel: Samuel Neaman Institute, 2019. https://www.neaman.org.il/EN/Gross-Domestic-Problem-Why-GDP-Misleads-And-How-to-Fix-It

This research paper surveys academic research done during approximately the past five years, on new approaches to measuring economic growth and well-being, replacing the conventional Gross Domestic Product ‘national accounts’ measure, in use since 1934,  that is now understood to be flawed. While it is seen that GDP as a measure of well-being is problematic,  it is not clear that a simple, understandable and consensual substitute is available as an alternative.

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