ABSTRACT
Using gross domestic product as our predominant measure of economic progress devalues other important components of social well-being and drives decisions that actually endanger that well-being. A better measure of economic growth and progress would encompass a “dashboard” of well-being indicators that take into account the negative contributions of pollution and waste and the benefits derived from the work of households, small businesses, and nonprofits. The changes such measurements would encourage include the growth of various collective ownership models and new “prosumer” identities in the marketplace.
