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GDP and Quality of Life Measuring What We Care About The Center for the Advancement of the Steady State Economy
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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What Is Economic Growth?
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What Exactly Is GDP? GDP = C + I + G + (X-M)
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History of Growth in GDP World GDP (1990 millions of dollars) Source: Angus Maddison
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History of Growth in GDP Average World GDP per Capita (1990 dollars) Source: Angus Maddison
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Policy on GDP Growth
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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Critique of GDP
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GDP and Happiness Happiness Index Income per Person ($) Source: Inglehart and Klingemann(2000)
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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What is Quality of Life? Ingredients: Subsistence, Reproduction, Security, Affection, Leisure, Understanding, Participation, Spirituality, Creativity, Identity, Freedom Human Needs Soup Opportunity Natural Capital Social Capital Human Capital Built Capital Perception
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U.N. Human Development Index
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Ecological Footprint Source: Global Footprint Network
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Genuine Progress Indicator $10,000 $20,000 $30,000 $40,000 1950 19601970198019902000 GDP per Capita GPI per Capita U.S. GPI per Capita Source: Redefining Progress
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Calvert-Henderson Indicators Education Employment Energy Environment Health Human Rights Income Infrastructure National Security Public Safety Recreation Shelter
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Happy Planet Index *
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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Integrated Environmental and Economic Satellite Account + = X X X
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OECD World Forum
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EU Conference: Beyond GDP
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Bhutan’s GNH
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Stiglitz Commission
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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Inertia
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Paradigm of Growth
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Powerful Interests
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History of economic growth and GDP Critical view of GDP Alternative measures to supplement GDP Recent initiatives Barriers to change Path forward Outline
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Overcoming Inertia
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Changing the Paradigm
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Aligning the Efforts Maybe changing GDP isn’t that hard.
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Let’s Get on with It!
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Take a Position! www.steadystate.org The Center for the Advancement of the Steady State Economy
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