Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...

For years, measuring economic welfare has been pretty straightforward. Classic economics obsess over a single value: gross domestic product. Luckily, economic paradigms are shifting, and experts are ...

Paul Allin is a member of the UK National Statistician's Expert User Advisory Committee and he is the Royal Statistical Society's Honorary Officer for National Statistics. Views expressed in this ...

But it’s far from perfect. GDP is a poor measure of welfare. It tallies up all the goods and services produced in an economy—putting equal value on $100 whether it’s spent on concert tickets or ...

Ingrid Harvold Kvangraven does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...