Response to the UK Parliament Environmental Audit Committee's inquiry on 'Aligning the UK's Economic Goals with Environmental Sustainability'

Peat, Jeremy and Black, James (2022) Response to the UK Parliament Environmental Audit Committee's inquiry on 'Aligning the UK's Economic Goals with Environmental Sustainability'. Royal Society of Edinburgh, Edinburgh. (https://rse.org.uk/wp-content/uploads/2022/04/RSE-...)

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Abstract

Gross Domestic Product (GDP) is an effective measure of national income, in its narrow sense as measuring economic output, and has demonstrable utility in informing macro-economic policy decisions and the efficacy of key policy interventions over time. However, GDP is not a measure of the achievement or otherwise of other policy objectives.