Neoliberalism’s GDP Hoax and its Costly Consequences: Time for a different ‘Development’ paradigm?
It is true that economic growth – meaning rising GDP – is one of the key indicators of rising prosperity in a society though as the Nobel Laureate Joseph Stiglitz also reminds that “Maximising GDP is not same as maximising wellbeing” puts to question the merit of overemphasis that are often put to GDP as the marker of ‘development’ in[Read More…]