UCL News


Why GDP isn’t a perfect metric

2 December 2020

Professor Mariana Mazzucato (UCL Institute for Innovation & Public Purpose) discusses why GDP is a flawed metric as it doesn’t show what’s actually valuable to society, instead reducing everything to the money it generates.

Listen: BBC Radio 4’s ‘The Reith Lectures: Mark Carney’ (from 43 mins 44 secs), More: BBC World Service’s ‘The Reith Lectures: From Moral to Market Sentiments’ (from 41 mins 42 secs)