Measuring What Matters: Seeking a new understanding of wealth
Mark Anielski, author of the Economics of Happiness and an associate with the International Institute for Sustainable Development (IISD) explains Genuine Wealth and spells out the pitfalls of relying on gross domestic product (GDP) as a measure of societal wealth. Anielski, an Edmonton-based economist, says that we need to measure the things that matter most to us to really understand how we’re doing. And by establishing a true national balance sheet and redefining progress, we can achieve greater well-being.