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Stiglitz: GDP Blinded Us to the Crisis

Nobel Prize-winning economist Joseph Stiglitz explains why our reliance on the GDP metric masked the economy's ill health before the credit crisis hit.

September 29, 2009

One of the reasons the global financial crisis took the world by surprise may be that our measurement system failed. That is, market participants and government officials were not focused on the right set of statistical indicators, claims a report from a panel of top economists led by Nobel Prize winners Joseph Stiglitz and Amartya Sen. Read more...

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