France seeks alternatives to GDP

nicolas-sarkozy-france-joseph-stiglitzGross Domestic Product, also know as GDP, is not a sustainable indicator. Indeed it only focuses on the economy and makes no mention of societies and environment. So we need alternatives that would take that into account.

This is even more urgent with the current economic downturn. Indeed, even if things are slowly and difficultly getting better, we have an opportunity to change our way of reasoning and embrace a paradigm shift.

This is why the French President – Nicolas Sarkozy – asked the renowned economist and Nobelist Joseph Stiglitz to work on finding another indicator.

Read more

The imperative of a Green New Deal

dollarsA recent Financial Times article caught my attention as it was written by both two eminent economists: Joseph Stiglitz and Nicholas Stern. This alone would represent an important event.

But the topic was even more interesting as it is an important call for action to tackle both the economic downturn and the climate change crisis. It is nice to see that  renown economists advocates such practices.

A Green New Deal has begun, but as I stated previously, we need to significantly increase the amounts of money allocated to sustainability.

Read more

%d bloggers like this: