Is GDP the best way to measure true economic prosperity - 083115

Professor Dirk Philipsen of Duke University, author of The Little Big Number: How GDP came to rule the world and what to do about it, discusses how GDP became a universally used indicator of economic performance. •        What is the “GDP,” and what is its significance to the economy? •        How efficient is GDP as a measure of economic growth? •        Is there a better, more objective tool for assessing prosperity?   Follow Professor Philipsen’s work on: http://www.dirkphilipsen.com/