FACW_ECON_2011_15533832_Barbier_Edward.pdf (204.31 kB)
Tracking the Sputnik Economy
journal contributionposted on 2021-11-15, 21:28 authored by Edward B. Barbier
In his 2011 State of the Union address, President Obama stressed investment in infrastructure, education and clean energy in the U.S. economy to "win the future." Edward Barbier of the University of Wyoming argues that to track the progress of such an investment strategy will require replacing GDP per capita as the main economic indicator with a Net Domestic Product (NDP) measure that is "adjusted" for real depreciation or appreciation in the reproducible, human and natural capital stock.
PublisherUniversity of Wyoming. Libraries
Journal titleThe Economists' Voice
CollectionFaculty Publications - Economics
- Library Sciences - LIBS