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Activity Type: Education
Course ID: Leave empty
Title: Taking the “Gross” Out of GDP and Adding ISEW
When: Your course start date
End Date: Your course completion date
Description:Gross National Product (GDP) is the common global metric for measuring economic growth, but it does not include the costs of development. The Index of Sustainable Economic Welfare (ISEW) seeks to add the costs of achieving GDP to reflect the social and environmental harm that growth incurs. The ultimate goal is to achieve a Steady State Economy, defined as a state of dynamic stability in which development is balanced with the positive and negative impacts that growth causes. The ISEW calculation begins with GDP and to that is added and subtracted all the factors reflecting the true impact on human lives and the environment. The ISEW is more complex which has slowed its adoption on a global basis. However, it has critics that believe it is too subjective. The long-term trend is increased adoption on a country-by-country basis which could eventually lead to its recognition as the global standard.
LEED Specific: None
CE Hours: .5
AIA Credit: LU
ISEW supporters want to move away from GDP as the standard economic measurement because:
Some economists believe the world’s response to climate change has been slow because:
The gap between GDP and sustainable economic welfare is due to:
Which statement best describes defensive expenditures:
Which statement is true about the Steady State Economy:
Which statement is false about the role of green building and green infrastructure in achieving a Steady State Economy and the ISEW calculation:
Critics of the ISEW say:
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