GDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth.
In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.
Figures and Tables
Chapter 1 The making of a post-GDP world
Chapter 2 The rise and fall of the GDP ideology
Chapter 3 Post-GDP economy
Chapter 4 Post-GDP politics
Chapter 5 Post-GDP world
"Fioramonti's critique of the limitations of GDP is extremely well constructed, highly appropriate and relevant."
—Colin Crouch, University of Warwick, UK
"What governments don't track today is often far more important than what they do because what we measure changes how we behave – and how we think. And changing what we think is essential if we are to build a more sustainable economic system. Read this fascinating and well-written book – and change the way you think!"
—Graeme Maxton, Secretary General of the Club of Rome and bestselling author of The End of Progress
"An original, comprehensive and compelling analysis of the problems with GDP and how to make the world better without it."
—Robert Costanza, Australian National University and editor-in-chief of Solutions
"A well-written and persuasive analysis of how to change the world by moving beyond the current narrow focus on GDP."
—Herman Daly, founder of Ecological Economics and Emeritus Professor, University of Maryland