Your car gets counted once when it is built, not when it is driven. Your clothes, your bicycle, your furniture, all get counted once when they are manufactured, and not again when they are worn, ridden, or sat on. But homes are counted twice in GDP, writes Dr Cameron Murray: Once when they are constructed, and again when they are occupied. If we are going to count housing in GDP, shouldn’t we count it just once?
The rush into economic progress has made us happy, healthy and contented. But IKEA thinks we may have reached saturation point.
Host Ross Ashcroft talks with Larry Lamb, George Lamb and Roger Mavity about the relevance of the American Dream…
Ross Ashcroft addresses economists in London on what must now change.
What really counts for our happiness and welfare? Professor Herman Daly shares what’s important for economic man and woman.