English Learning for Curious Minds

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Summary

“It measures everything in short, except that which makes life worthwhile.” - Robert Kennedy

It's the number that world leaders constantly talk about, using it as proof of what a great job they are doing.

But what does it actually mean? What does it tell us, and what doesn't it tell us? And what would happen if we stopped using it altogether?

Transcript, subtitles, and key vocabulary available at www.leonardoenglish.com

Show Notes

“It measures everything in short, except that which makes life worthwhile.” - Robert Kennedy

It's the number that world leaders constantly talk about, using it as proof of what a great job they are doing.

But what does it actually mean? What does it tell us, and what doesn't it tell us? And what would happen if we stopped using it altogether?

  • Measuring growth in history
  • Simon Kuznets & the invention of GDP
  • John Maynard Keynes & popularising GDP after WWII
  • How to calculate GDP
  • Why GDP started being used & when it was useful
  • Criticism of GDP #1: What is (and isn't) counted as part of GDP
  • Criticism of GDP #2: Positive and negative contributions to GDP
  • Criticism of GDP #3: Unpaid work & GDP
  • GDP per capita as a measure of 'how well we are doing'
  • Is all consumption good?
  • Bhutan & measuring happiness
  • Alternative #1: The Human Development Index
  • Alternative #2: The Human Capital Index
  • Alternative #3: The Genuine Progress Index
  • Abandoning measuring GDP altogether?

Full transcript and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/gdp

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** More about Leonardo English and the English for Curious Minds podcast **

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English Learning for Curious Minds is a podcast aimed at intermediate level English speakers and above, where listeners learn fascinating things about the world while learning English.

There's no small-talk, no boring grammar exercises or vocabulary drills.

You'll learn English by listening, by hearing real conversations and real English, spoken by native speakers, and at a speed you can understand.

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What is English Learning for Curious Minds?

Are you looking for a more interesting way to to learn English?

English Learning for Curious Minds is where you can learn English from native speakers while learning fascinating things about the world.

Every episode comes with a transcript & key vocabulary and is spoken at a speed you can understand.

Join listeners from 155 countries and discover the most interesting way to improve your English while expanding your mind.

Find the bonus episodes, transcripts, key vocabulary, and learning materials at www.leonardoenglish.com