Dubious Positive Biases in Revised U.S. Economic Statistics

Why do most of the methodologically revised U.S. economic statistics tend to create a picture of a more positive looking economy? Do these revised statistics really give a better—or illusory—understanding of economic activity? And is it coincidental that the benefits flowing from these more positive looking statistics largely accrue to powerful elites who also have …

Press Release: Public Backing for Going Beyond GDP Remains Strong: Global Poll

LONDON – The public around the world remains strongly in favour of replacing GDP with a broader way of reporting national progress, according to a new global poll released today. The study, conducted by GlobeScan on behalf of Ethical Markets, business think tank Tomorrow’s Company and the ICAEW, surveyed 10,845 …

Envisioning a Global Economic Dashboard

A publication from The Economist Economic futurist Hazel Henderson offers alternative measures. A growing number of economists and policy makers argue that statistics such as gross domestic product (GDP) and gross national product (GNP) may be useful as snapshots of a nation’s total economic activity, but they are limited in …