English Learning for Curious Minds #98: GDP & Measuring Growth
“It measures everything in short, except that which makes life worthwhile.” - Robert Kennedy
It's the number that world leaders constantly talk about, using it as proof of what a great job they are doing.
But what does it actually mean? What does it tell us, and what doesn't it tell us? And what would happen if we stopped using it altogether?
- Measuring growth in history
- Simon Kuznets & the invention of GDP
- John Maynard Keynes & popularising GDP after WWII
- How to calculate GDP
- Why GDP started being used & when it was useful
- Criticism of GDP #1: What is (and isn't) counted as part of GDP
- Criticism of GDP #2: Positive and negative contributions to GDP
- Criticism of GDP #3: Unpaid work & GDP
- GDP per capita as a measure of 'how well we are doing'
- Is all consumption good?
- Bhutan & measuring happiness
- Alternative #1: The Human Development Index
- Alternative #2: The Human Capital Index
- Alternative #3: The Genuine Progress Index
- Abandoning measuring GDP altogether?
Full interactive transcript and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/gdp
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