May 7, 2015 – GDP is not enough – Or how to measure life

GDP is problematic as a measure of growth, but this does not mean that GDP is useless, explained Professor Diane Coyle, University of Manchester, in a seminar organized by IFN May 7. Coyle said that GDP is insufficient as a measure and what is probably needed is a dashboard of indicators. At the seminar, she mentioned a number of existing alternative measures, including Social Progress Index, which was created in 2014.