BEGIN:VCALENDAR VERSION:2.0 X-WR-CALNAME;VALUE=TEXT:Beyond GDP: Who grows and at what cost? PRODID:-//Harvard events data//EN BEGIN:VEVENT UID:event_1575196_0 SUMMARY:Beyond GDP: Who grows and at what cost? DESCRIPTION:

Economic indicators are more than just tools for quantifying reality; they fundamentally shape our perception of it. Given their influence, it’s essential to critically examine these indicators' assumptions and oversights. For decades, GDP has been the primary gauge of economic health, yet its shortcomings are increasingly clear. As economies evolve to become more complex and diverse, GDP's ability to encompass the full spectrum of societal economic activities has diminished. It fails to account for unpaid labor, the environmental impacts of economic activities, or issues related to income distribution and inequality — all of which are crucial to genuine economic well-being. Hence, GDP growth does not necessarily correlate with improvements in living standards or the welfare of the majority, a trend starkly evident in recent decades.

In light of this, refining and expanding GDP with additional metrics that capture these vital aspects is imperative. This report critically addresses GDP’s inadequacies in the face of two of the most critical challenges of our times: increasing inequality and climate change. At the event, a panel of experts will explore ways to enhance GDP’s utility as a tool for insight and how these advancements can more effectively inform public policies aimed at mitigating inequality and addressing climate change

LOCATION:RCCHU Conference Room, 26 Trowbridge St, Cambridge, and over Zoom STATUS:CONFIRMED DTSTART:20240417T223000Z DTEND:20240417T233000Z END:VEVENT END:VCALENDAR