All of this together constitutes a nation’s income. An initial concept of GDP was invented at the end of the 18th century. American economist Simon Kuznets developed the modern concept in 1934 ...

History of GDP The concept of GDP was first proposed in 1937 in a report to the U.S. Congress in response to the Great Depression, conceived of and presented by an economist at the National Bureau ...

Standing for gross domestic product, the concept of GDP is significant for measuring how healthy a country's economy is. Here ...

But GDP prevailed because the demands of wartime called for a measure of total activity. So from the very start, the concept of GDP has long had its critics. But coming up with a better gauge of ...

GDP growth can even worsen health status ... Ecuador, for example, is using the concept of Buen Vivir, which is based on indigenous traditions and values of the Andean region.

Princeton University Press, Princeton, New Jersey, 2014, 168 pp, $19.95 (cloth). Why didn’t a smart guy like Aristotle come up with the concept of gross domestic product (GDP) 2,000 years ago, since ...