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Remaking the Real EconomyEscaping Destruction by Organised Money$
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Gordon Pearson

Print publication date: 2020

Print ISBN-13: 9781447356585

Published to Policy Press Scholarship Online: May 2021

DOI: 10.1332/policypress/9781447356585.001.0001

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Measures of real progression

Measures of real progression

(p.149) 9 Measures of real progression
Remaking the Real Economy

Gordon Pearson

Policy Press

Measuring progression without destruction relates specifically to the items identified in the previous chapter. Orthodox measures of economic progression still focus primarily on measures such as GDP and its growth, but GDP is itself full of flaws and anomalies, as well as being too easily fixable by relevant political-economic decision makers. Sustainable development goals which include reducing inequalities within and between member states have been identified and agreed by the United Nations, but their effectiveness is yet to be demonstrated. Further measures are identified including democratic protection and renewal which seem currently threatened in Anglo-America, the restraint of organised money and displacement of neoclassical belief. Tentative signs of such progression are noted, but they are yet to be confirmed.

Keywords:   GDP and its growth, Sustainable development goals, Democratic checks and balances, Real economic progression, Organised money restraint, Neoclassical belief displacement

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