Over recent years there has been increasing concern among economists and statisticians, and a variety of commentators and organisations in civil society, about whether the current range of economic indicators accurately measure key aspects of economic behaviour and performance.
This discussion paper sets out two key propositions on rethinking the way we measure the economy and define economic success:
- New technologies, business models and economic goals require significant improvements in the measurement of key economic statistics.
- New indicators of economic outcomes can better define and measure the goals of economic policy.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.
Making markets: The City's role in industrial strategyTo tackle climate change, we need a significant increase in public and private capital investment.
Broken hearted: A spotlight paper on cardiovascular diseaseProgress on cardiovascular disease was a significant driver of better health and prosperity in the latter half of the 20th century, however progress has recently stalled – with indications it may be in reverse.