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GDP = Gross Domestic Product = monetary measure of the market value of all final goods and services produced in a period of time
-Pollution / climate related disasters
-Inequality in distribution of wealth
-Externality = “companies dump consequences on everybody else”
-Principle obstacle = people get used to stuff, fearing change
-What kind of growth do we need?
NY times
-Value = profit + sum of labor + expenses
-increasing GDP = Growing economy
-GDP does not exclude the negative stuff in general welfare or environment
-GDP should be “more in tune with the way people live”
Social Progress Indexing
-America is succeeding economically but social well-being isn’t doing too well
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