Whatever index is used reducing an entire economys

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Whatever index is used, reducing an entire economy's performance - and especially its sustainability - to a single integer is bound to lose a great deal of information. The CMEPSP report therefore envisages a "dashboard" of measures. As it argues, "a meter that weighed up in one single value the current speed of the vehicle and the remaining level of gasoline would not be of any help to the driver". The report nevertheless acknowledges that if politicians do accept an alternative index, it will have immense power to drive policy. And prospects for acceptance turn out to be good. On 8 September, the European Commission issued a communication committing itself to "working to complement GDP and National Accounts (which presents This might be r 2 . What would you pay so your son or daughter has a happy life? To me, three obvious questions our society must debate, Do we trust: Our Health Our Education Our Safety (military, fire & police) Our Retirement Security to private organizations whose primary goal is profit and/or to governement systems? What is the Golden Mean? Games are played to promote short term thinking. Remember Deming railing against short term thinking. Instant gratification versus sustainability. Remember the Rear View Descriptive Reports versus Prescriptive Reports seeing what’s coming. This is why Phase III is so important; what we decide to measure controls the decisions we make and this makes all the difference. Don’t see this happen in the U.S. Why? Too many people believe we can’t afford effective healthcare for all. We’re the greatest
2020, OPMT-600 LESSON 4 15 production, income and expenditure in the economy) with environmental and social accounts". The European Commission has already adopted many of the report's proposals. Despite such hopeful signs, GDP isn't going to go away any time soon. The ratio of GDP to national debt may be meaningless, but it looks seductively like real accounting. Currency traders won't feel well-informed if they express national debt as a multiple of happiness or green prudence. Producing useful tools for guiding policy - never mind ideal ones - is going to take a while. But at the very least, exploring the CMEPSP report's recommendations will promote an interesting social and scientific discussion of what "sustainable" and "happy" mean to each of us. Mike Holderness is a writer and editor. He has written reports for the Royal Society, including The weather turned upside-down? Abrupt Climate Change: Evidence, mechanisms and implications, and edited the final report of the Information Society Forum for the European Commission By Mike Holderness Journal Title: New Scientist Journal Volume: 204 Journal Year: 2009 Pages: 30-31 TN: 195458 Question 8: From your Ghost Map readings, select two different sentences (paragraph); state them and discuss how these sentences relate to what we are studying.

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