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Per capita gross domestic product (GDP) is a poor indicator of economic well-being. It measures effective consumption poorly (ignoring the value of leisure and of longer life spans) and it also ignores the value of accumulation for the benefit of future generations. Since incomes are uncertain...
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productivity slowdown. Since productivity growth is recognized as being by far the most important long-term source of sustainable … developments raise a number of issues related to the two-way linkages between productivity and well-being. First, does slower … productivity growth constitute a significant threat to the betterment of the well-being of the world's population, and, if so, by …
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productivity slowdown. Since productivity growth is recognized as being by far the most important long-term source of sustainable … developments raise a number of issues related to the two-way linkages between productivity and well-being. First, does slower … productivity growth constitute a significant threat to the betterment of the well-being of the world's population, and, if so, by …
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