Economic Recovery: GDP is not a good measure of progress.

October 29th — Eric Zencey, of Montpelier, Vermont, Professor at Empire College, NY is featured in a story on the BBC’s The World program. Prof. Zencey wrote an Op Ed piece in the NY Times this summer GDP-RIP, a critique of the over reliance on GDP, which has become less effective as a measure of progress, as it fails to account for the environmental or social costs of a transaction and without recognizing social and personal well-being and the value of a sustainable environment. New efforts such as GNH are designing new sets of measures to better guide us forward to a sustainable and happy future for all.  Listen to the story.