The United Nations wants scientists to help design indicators of progress that go beyond GDP. Researchers should seize the chance and be aware of past failures.

In the middle of the eighteenth century, the physician-turned-economist François Quesnay devised a quantitative model of the economy, among the first of its kind and a precursor to present-day GDP.

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. GDP is the total market value of all final goods and ...

Distinguished Co-Chairs of the expert group who are online, or will be online very soon with us. The GDP—so Gross Domestic Product—has served as the dominant measure of economic progress prior even to ...

Gross domestic product (GDP) has long been the main indicator of economic growth used almost everywhere in the world. However, the measurement does not take into account other factors essential to a ...

GDP is a measure of whether the economy is expanding or contracting. While this factor can’t be taken alone, negative GDP is a strong indicator of a future recession. Investors should develop an ...

Is GDP still the right way to measure progress in the 21st century? That question has resurfaced after Nithin Kamath, founder and CEO of Zerodha, shared a detailed reflection on the origins and ...