Tag Archives: Weitzman

Improving on GDP

Posted on November 14, 2017 by Adam Bailey

The winning entries for the Indigo Prize highlight both the importance of improving economic statistics and some of the challenges of doing so. The launch of the Indigo Prize by LetterOne is a welcome initiative which recognises both the limitations … Continue reading →

Posted in Environment (general), Macroeconomic Theory | Tagged adjusted GDP, GDP, Indigo Prize, natural capital, NNP, resource depletion, sustainability, Weitzman | Leave a comment

Net National Product and Sustainability

Posted on May 17, 2017 by Adam Bailey

National product, calculated net of a deduction for depletion of natural resources, could in theory provide some indication of whether current consumption is permanently sustainable. But the conditions that would be needed to make net national product into a practical … Continue reading →

Posted in Macroeconomic Theory | Tagged constant consumption, constant-equivalent consumption, long-term macroeconomic models, Nature’s Numbers, net national product, output-sustainability correspondence principle, sustainability, sustainability indicator, Weitzman | Leave a comment

Tag Archives: Weitzman

Improving on GDP

Net National Product and Sustainability

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