Limitations of GDP

In course

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Description

This lecture explores the controversies surrounding GDP as a measure of economic growth, highlighting its limitations in capturing non-commercial activities, leisure, public sector contributions, environmental impacts, wealth distribution, and life satisfaction. The instructor discusses proposals for alternative measures and emphasizes the importance of interpreting GDP data with caution.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_egavkz11

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Ontological neighbourhood

Economics

Microeconomics: Economic systems

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