What is the Best Way to Measure True Economic Prosperity?

Professor Dirk Philipsen of Duke University, author of The Little Big Number: How GDP Came to Rule the World and What to Do About It, discusses how GDP became a universal indicator of economic performance, and what it really means.

Is GDP an outdated way to measure prosperity, and are there any alternative methods of assessing economic growth?

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Source: http://www.israelnationalnews.com/News/News.aspx/200143

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