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Hidden Economic Indicators

Program #WARM001. Recorded in East Lansing, MI on October 30, 1998.

A country's Gross National Product is often presented as a measure of the economic well-being of its citizens. But how economists calculate GNP is not clearly understood by most people. Current methods of calculation measure only the cash-generating capacity of an economy, not its productive capacity. This equation not only misrepresents the economic well-being of the populace, but also ignores such salient factors as the environment, sustainability and the enormous contributions of women.

Speaker(s):

Marilyn Waring

Development consultant Marilyn Waring was the youngest woman in 1975 to have been elected to serve in New Zealand's Parliament. She holds a Ph.D. in Political Economy and is the author of several books on the international economic system.

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