Word: healthfulness
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...example of how what's good for the GDP is not always good for the individual, take health care: rising costs may be tough on families, but it boosts...
...there is the Human Development Index (HDI), used by the UN's Development Programme, which considers life expectancy and literacy as well as standard of living as determined by GDP. And the Genuine Progress Indicator, which incorporates aspects of social welfare such as income equity, pollution, and access to health care. In the international community, perhaps the biggest nudge has come from French President Nicolas Sarkozy, who commissioned a report by marquee-name economists, including Nobel laureates Joseph Stiglitz and Amartya Sen, to find alternatives to what he calls "GDP fetishism". (See the best business deals...
...Basically, market activity and growth. The GDP, generally expressed as a per-capita figure and often adjusted to reflect purchasing power, represents the market value of good and services produced within a nation's boundaries. Sounds reasonable. Until we consider what it doesn't measure: the general progress in health and education, the condition of public infrastructure, fuel efficiency, community and leisure...
...measured, it seems the HDI and HPI have it over the GDP. For its report "International Public Opinion on Measuring National Progress: 2007" GlobeScan, a research firm based in Canada and London, surveyed 1,000 people in each of 10 countries not including the U.S.. When asked whether health, social and environmental status should figure into measures of national progress as much as economic data, between 70% (Russia) and 86% (France) agreed. "It's common sense and matches their experience," says Hazel Henderson, whose firm commissioned the study. "People know there is much valuable in their lives besides what...
Warner walked away at the right time. Though he hasn't implied that injuries drove his decision to retire - Warner will stop playing with a year left on a $23 million contract - he is no doubt thinking about his long-term health. In December, Warner, who has suffered five concussions in his career, held himself out of a game because his head still felt foggy from a prior hit. Football brain injuries are receiving unprecedented attention right now, and Warner set an important example for millions of kids playing the sport. That's no surprise. Since those days chucking candy...