GDP

The World's Most Powerful Formula and Why it Must Now Change

Ehsan Masood

• Publisher: Icon Books
• Year: 2021
• ISBN:
  9781785787126
• Topic: Business
• Subtopic: Business General
• Index: Business

'[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering & TechnologyGross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.[previously published as The Great Invention in North America]

253

INDEX

A

1. adult literacy, 1
2. air pollution, 1, 2
3. Åström, Sverker, 1

B

1. Baily, Martin, 1
2. banking crisis, 1, 2, 3
   1. See also financial crisis
3. Ben Ali, Zine El Abidine, 1
4. Bevins, Vincent, 1
5. Bhavan, Anand, 1
6. Bhutan, 1, 2
7. biodiversity, 1, 2, 3
8. Blair, Tony, 1, 2, 3, 4
9. Bono, 1
10. Bouazizi, Mohamed, 1, 2
11. Brown, Andrew, 1
12. Brown, Gordon, 1, 2, 3, 4
13. Buddhism, 1
14. Building a Knowledge Society, 1
15. Burki, Shahid Javed, 1
16. Bush, George H. W., 1, 2
17. Bush, George W., 1
18. business investment, 1, 2. See also investment

C

1. Cambridge, University of, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
2. Cameron, David, 1, 2
3. capit...

Table of contents

• Praise
• Title Page
• Dedication
• Contents
• Preface to the Second Edition
• Preface
• Prologue: Lost History
• Introduction: The Great Invention
• One: GDP and Its Discontents
• Two: The Fight for the Formula
• Three: Made in Cambridge
• Four: The Karachi Economic Miracle
• Five: Red Star Over Central Square
• Six: The Talented Mr. Strong
• Seven: “As Vulgar as GDP”
• Eight: Exporting Shangri-La
• Nine: $33 Trillion Man
• Ten: Stern Lessons
• Eleven: “Nothing Is More Destructive of Democracy”
• Epilogue: Unfinished Revolution
• A Note on Symbols
• Acknowledgments
• Bibliography
• Index
• About the Author
• Copyright