GDP: The World's Most Powerful Formula and Why it Must Now Change
'[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering & Technology

Gross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.

In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.

As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.

[previously published as The Great Invention in North America]

1137776366
GDP: The World's Most Powerful Formula and Why it Must Now Change
'[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering & Technology

Gross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.

In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.

As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.

[previously published as The Great Invention in North America]

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GDP: The World's Most Powerful Formula and Why it Must Now Change

GDP: The World's Most Powerful Formula and Why it Must Now Change

by Ehsan Masood
GDP: The World's Most Powerful Formula and Why it Must Now Change

GDP: The World's Most Powerful Formula and Why it Must Now Change

by Ehsan Masood

Paperback

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Overview

'[A] tale of cloak and dagger intrigue, intense rivalries and political machinations you'd expect in a spy thriller.' Engineering & Technology

Gross Domestic Product is failing. For decades it has rewarded environmental destruction and obscured inequality. Its formula can be-and has been-gamed to the detriment of developing countries.

In this powerfully argued book, now updated with a new chapter, science writer Ehsan Masood shows how GDP fell from the path envisaged by its architects, and how its long-term misapplication has kept large parts of the world in poverty, while helping accelerate global warming and biodiversity loss.

As the world rebuilds after the coronavirus pandemic and the accompanying global recession, our need for a more sustainable and inclusive measure of economic growth has never been greater. Change must come if we are to break the cycle. With clarity and passion, Masood shows how we can update GDP for a better future.

[previously published as The Great Invention in North America]


Product Details

ISBN-13: 9781785787119
Publisher: Amberley Publishing
Publication date: 03/04/2021
Pages: 304
Product dimensions: 5.08(w) x 7.80(h) x 0.70(d)
Age Range: 18 Years

About the Author

Ehsan Masood is a senior editor at the science journal Nature. He is a former Knight Science Journalism Fellow at MIT and has written and presented documentary programmes for BBC Radio 4. His previous books include Science and Islam: A History (Icon, 2017).

Table of Contents

Preface to the Second Edition ix

Preface xvii

Prologue Lost History xix

Introduction The Great Invention xxiii

1 GDP and Its Discontents 1

2 The Fight for the Formula 11

3 Made in Cambridge 31

4 The Karachi Economic Miracle 39

5 Red Star Over Central Square 55

6 The Talented Mr. Strong 79

7 "As Vulgar as GDP" 109

8 Exporting Shangri-La 131

19 $33 Trillion Man 151

10 Stern Lessons 169

11 "Nothing Is More Destructive of Democracy" 179

Epilogue Unfinished Revolution 185

A Note on Symbols 197

Acknowledgments 203

Notes 207

Bibliography 241

Index 253

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