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Reasons Revisited

Reasons Revisited: Beyond GDP

Reasons Revisited

Geoff Lloyd

Society & Culture, Government, News, Politics

4.82.6K Ratings

🗓️ 15 September 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Stop the press! We're bringing you an extra dose of RTBC each week, as we dig back into our audio archives and brief you on a big idea that's having a moment. This week the UK's GDP estimates showed the economy shrunk in July, sparking fears of a recession. But what if there was a different way to measure a country's economic success? We spoke to Katherine Trebeck, Annie Quick and Kate Raworth about the alternatives, from doughnut economics to New Zealand's Wellbeing Budget. Can we move beyond our obsession with growth? And where do we go next?


See you on Monday for our next episode of Reasons to be Cheerful!


Guests

Katherine Trebeck, from the Wellbeing Economy Alliance (@ktrebeck)

Annie Quick, formerly at the New Economics Foundation (@anniequick)

Kate Raworth, founder of Doughnut Economics Action Lab (@KateRaworth)


Listen to RTBC Episode 91: Who's Afraid of GDP (2019)

Listen to RTBC Episode 195: A Big Idea to Rethink the Economy (2021)


Let us know what you think about Reasons Revisited! Get in touch with us via our website or on social media (@cheerfulpodcast)



Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

At three business, we think you should get more for less.

0:04.0

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0:11.0

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That's what we call big value.

0:20.0

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0:24.0

Unlimited in the UK based on UCLA Speed Test Intelligence Data H1 2023, C3.C3.co.

0:30.0

UK.

0:32.0

The latest UK GDP figures were released this week, prompting speculation about a possible

0:38.5

recession. But do we place too much importance on this number?

0:43.2

And what's a better way of measuring the success of a country?

0:47.9

Hello, I'm Jeff Lloyd, and this is Reasons Revisited.

0:51.9

It's a weekly fun-sized reason to be cheerful. We dig back into our

0:56.6

five-year audio archive and brief you on a big idea that's having a moment.

1:04.8

This week we're talking about new ways of measuring a country's prosperity.

1:08.7

Typically we use a measurement called GDP to tell how well a country is doing.

1:13.0

It's deep-rooted in economists and politicians' way of thinking.

1:17.0

But what if GDP isn't a good enough measurement anymore?

1:21.0

What if we measured how easy it would be to get to your nearest green space or satisfaction

1:25.9

with your work-life balance?

1:28.7

Moving beyond GDP is nothing new.

1:31.0

American politician Robert Kennedy made a speech in 1968 where famously he said

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