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Lorenzo Fioramonti - Gross Domestic Problem, Inbunden

Inbunden, Engelska, 2013

Del i serien Economic Controversies

Gross Domestic Problem

The Politics Behind the World's Most Powerful Number

Av Lorenzo Fioramonti

1659 kr

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Beskrivning
Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth?Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns.A startling insight into the politics of a number that has come to dominate our everyday lives.
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Lorenzo Fioramonti is Jean Monnet Chair in Regional Integration and Governance Studies and Associate Professor of Political Science at the University of Pretoria (South Africa), where he directs the Centre for the Study of Governance Innovation. He is also Senior Fellow at the Centre for Social Investment of the University of Heidelberg and at the Hertie School of Governance (Germany) as well as Associate Fellow at the United Nations University. He is the author of How Numbers Rule the World (Zed 2014) and is also the director of a short film documentary on GDP and climate change, which can be viewed at his blog, www.globalreboot.org.

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GDP numbers are quoted all the time, but the power of GDP relies on the fact that hardly anyone knows what it means. As Fioramonti shows in this indispensable guide, there are at least three things wrong with gross domestic product: it's gross, it's domestic and it's a product. That is, the GDP number takes no account of the depletion of capital goods or natural resources, treats income accruing to foreign investors as a measure of national success and focuses on the means of economic activity, production, rather than the ends. Gross Domestic Problem explains why GDP is both so useful and so misleading, and gives a readable history of this most powerful and mysterious of numbers.

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