Other News: GDP: Gauging Dematerialised Progress!

   GDP: Gauging Dematerialised Progress!   By Hazel Henderson*   ST. AUGUSTINE, Florida, Aug 2013 (IPS) -As of Aug. 1, 2013, the U.S. Bureau of Economic Analysis (BEA) finally stepped into our new 21st century. Gross Domestic Product (GDP) will now include much of the intangible production and services which …

New GDP Accounting Makes a Difference Locally

The narrow ”economism” shown by critics of the Picasso Exhibit running its last week in St. Augustine, Florida, is a hangover from obsolete economic textbooks still unable to record “intangibles,” those valuable services which today make up some 70% of advanced economies and services sector companies’ balance sheets.  These old …