Hazel Henderson

Taking an Honest Look at GDP Calculation

Good article and good comments so far. Looking deeper , GDP is a cash flow statement , but doesn't count the almost 50% of additional goods and vital services unpaid and exchanged freely and therfore not included in GDP e.g. community volunteering, electronic barter ( exploding , e.g Craiglist,Freecycle all covered in Barter News barternews.com) , home care for the elderly and sick, etc) . Nor does GDP account for ecological services and assets provided by nature , e.g. forests ,watersheds and recycling of human wastes ). Nor does GDP have an asset account to balance public debt with the assets such investments create: e.g schools, roads , etc. More at beyond-GDP.eu Calvert-Henderson.com and EthicalMarkets.tv click on "Redefining Success and The Unpaid,"Love" Economy"