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Looking beyond GDP to measure prosperity

Here is another interesting article, Measuring Prosperity: Maryland’s Genuine Progress Indicator by Sean McGuire, Stephen Posner, and Hans Haake, from the same issue of Solutions Journal.  This is about how Maryland has implemented a measure called the General Prosperity Index as a step away from the commonly used Gross Domestic Product (GDP) or Gross State Product measures of economic wellbeing.  Of course, I should add that economists have long argued that GDP is not a very good mearsure of economic well being.

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