There’s been a lot of fuss about this morning’s GDP numbers, but if David Cameron has
his way we’ll soon be fretting about an entirely different set of statistics. The Prime Minister has given the data-crunchers at the Office for National Statistics a new mission: measure the
nation’s well-being. The idea is to create new stats to accompany economic figures like the Gross Domestic Product as an additional gauge of how well things are going in the UK. It’s an idea that
makes a great deal of sense. After all, the shortcomings of GDP are well-known. As Bobby Kennedy put it back in 1968:
It would be nice to put a number up in lights, and know that if it increases the country’s better off, decreases and it’s worse off.“It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country. It measures everything, in short, except that which makes life worthwhile.”
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