3 ways to measure our economy that are not the GDP

We can measure the economy in different ways to improve human life and enhance human potential. The Gross Domestic Product (GDP) measures government services only by the dollars spent, but not by the dollars earned by our investments in our people and infrastructure. As one commenter mentioned, Haiti has no public school system, and therefore no hope of pulling itself out of the “poorest nation in the Western Hemisphere” status.

The GINI Coefficient, ¤http://harvardmagazine.com/2008/07/unequal-america-html.

There is also the Social Progress Index, measured according to three broad dimensions:

  • Does a country have the capacity to satisfy the basic human needs of its people?
  • Does a country have the institutions and conditions in place to allow its citizens and communities to improve their quality of life?
  • And does a country offer an environment in which each citizen has the opportunity to reach his or her full potential?
    • http://www.socialprogressimperative.org/data/spi

How to get there? The Steady State economy, which does not have to “grow or die” like capitalism.  ¤http://steadystate.org/

What on earth would cause me to go off like that, you ask? First I know stuff. Second, it was a question asked by a commenter, Nancy, on this article at the New York Times:

“Does any other country or group of countries measure the economy differently so that we have a ready means of comparison?”

Our Mismeasured Economy, by Lew Daly, June 6, 2014

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