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Beyond GDP

  • Friday, February 27, 2015
  • 3:30 PM–3:30 PM
  • Science Building Room 010

Is measuring success based simply on GDP wise?

Please join us for a presentation on by Professors Haney and Heun on Friday, Februry 27, 3:30PM, SB010.  The presentation will be followed by a book signing and reception in the Science Building Atrium lower level.

In their new book, Matthew Kuperus Heun (Calvin Engineering), Michael Carbajales-Dale (Clemson Environmental Engineering), & Becky Roselius Haney (Calvin Economics) use the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. A firm theoretical foundation is needed before proceeding along a path for gathering new data, which this book provides. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts.

 Sponsored by the Calvin Engineering and Economics Departments.

Learn more: Measuring What We Treasure

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