
GDP, Growth, and Welfare
In Pursuit of Economic Wellbeing
Vito Tanzi(Author)
Routledge (Publisher)
Will be published approx. on 25. August 2026
186 pages
E-Book
978-1-040-91830-2 (ISBN)
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Description
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In the years following the Second World War, the main economic goal of countries, and the main standard by which economies were judged, was the performance of their Gross Domestic Product (GDP), which was defined and measured, following rules created by statisticians and economists who had developed the official national accounts statistics, mostly in the 1930s. The pursuit of the growth of GDP has remained an overwhelming objective for most economists, politicians and international organizations. This book examines several concepts and processes related to economic growth, such as environmental degradation and climate change; income distribution and poverty; a vibrant civil society; and personal happiness and tackles the important question of whether growth itself can create problems that reduce its welfare value to populations.
It weaves together two stories, the first concerns the invention of a statistical index, while the second explores the set of phenomena to which it applies. The author argues that reducing our dedication to economic growth should not be interpreted as stunting the growth of countries' GDPs at their current level, but rather as focusing on paying more attention to the factors that may reduce the social benefits of this growth.
The book addresses an important topic that has recently been an object of study in multiple fields, such as economics, history and ecology. It combines historical, analytical, and policy-oriented approaches into a single study and will attract the attention of scholars, researchers, economists, political scientists, and philosophers, at a time when many traditional policies are being questioned and are under discussion.
It weaves together two stories, the first concerns the invention of a statistical index, while the second explores the set of phenomena to which it applies. The author argues that reducing our dedication to economic growth should not be interpreted as stunting the growth of countries' GDPs at their current level, but rather as focusing on paying more attention to the factors that may reduce the social benefits of this growth.
The book addresses an important topic that has recently been an object of study in multiple fields, such as economics, history and ecology. It combines historical, analytical, and policy-oriented approaches into a single study and will attract the attention of scholars, researchers, economists, political scientists, and philosophers, at a time when many traditional policies are being questioned and are under discussion.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Product notice
Reflowable
ISBN-13
978-1-040-91830-2 (9781040918302)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
approx. 08/2026
1st Edition
Taylor & Francis
€191.50
Not yet published
Book
approx. 08/2026
1st Edition
Taylor & Francis
€52.50
Not yet published
Person
Vito Tanzi is an economist with extensive experience in academia, government, and international institutions.
Content
1: The Great Depression and the Need for National Accounts Statistics. 2: On Some Technical Issues in the Measurement of GDPs. 3: Changes in the Economic World. 4: From the Industrial to the Digital Revolution, and Beyond. 5: GDP Levels and the Living Standards of Populations. 6. Economic Growth, the Workweek, and the Use of Time. 7: Higher GDPs and their Welfare Values. 8: Should Growth or Happiness Be the Goal of Policy? 9: Economic Growth and the Earth's Environment. 10: More on Economic Growth and the Health of the Planet. 11: Could Economies keep Growing Forever? Chapter 12: More on the Importance of GDP. 13: Community Life and Standards of Living. 14: Per Capita Income and Happiness. 15: Can Growth Reduce Standards of Living? 16: General Conclusions
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