Other indicators of human progress such as percentage

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Unformatted text preview: GPI has remained relatively fixed despite significant increases in GDP per capita. Other indicators of human progress such as “percentage of people who are very happy” also no longer correlate well with GDP (Speth 2008), suggesting that increasing economic wealth increases human wellbeing only to a certain point. Figure 2. From Gore (2009): Whereas GDP is the standard measure of a country's economic performance, summing the market value of all goods and services, the genuine progress indicator (GPI) 4 1/20/2011 Chapter One: Principles is an attempt to measure the sustainability of income and the socioeconomic wellbeing of a nation. GPI adjusts the personal consumption data of GDP by adding the benefits of non-market work, like unpaid housework and volunteering, and subtracting social costs like crime, air and water pollution, and the loss of farmland and forests. Over the last 50 years, GPI has increased at a much lower rate than GDP. What is Sustainability? There is enough in the world for everyone’s need, but not enough for everyone’s greed. –Frank Buchman, founder of the Oxford Group I know of no restorative of h...
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This note was uploaded on 01/08/2014 for the course SUST 510 taught by Professor Marker during the Fall '14 term at Black Hills State University.

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