The global financial crisis is usually seen as a failure of neoclassical economic theory and neoliberal policy, but it also represented an epistemological failure. Forecasters who missed the crisis neglected to include the financial sector in their models, while aggregate indicators such as GDP...

Foreword / by Li Jingtian -- Introduction -- What is GDP? -- Use of gdp -- Limitations of GDP -- Conclusion: establishing a new fundamental concept on social and economic development -- Bibliography -- Epilogue -- Appendix -- Attachment 1 -- Attachment 2