Down with the cult of GDP. For us economists, it’s yesterday’s yardstick : Catherine Colebrook

At their best, economic indicators such as GDP can be a viewfinder through which we see the economy. After all, we need statistics to shed light on economic imbalances and unfairness, and help citizens and policymakers understand what needs to be done to put them right. But as an economist, I’m always aware that reducing the unimaginable complexity and diversity of the economy to a single number – or even a series of numbers  – can dehumanise or even misrepresent what is really happening in people’s lives.  Read full article from The Guardian.