[MCN] WStJrnl book review: David Pilling’s “The Growth Delusion”

[Lance Olsen]

BOOKS <https://www.wsj.com/news/life-arts/books>  BOOKSHELF <https://www.wsj.com/news/types/bookshelf>
Review: Dismal Statistics
Is Gross Domestic Product—the preferred measure of growth for most economists—still useful for gauging the health of economies? Diane Coyle reviews ‘The Growth Delusion’ by David Pilling.

By Diane Coyle
Feb. 4, 2018 3:40 p.m. ET
Is Gross Domestic Product, GDP, history? Judging by the torrent of recent books proclaiming the end of its usefulness, such as Ehsan Masood’s “The Great Invention” (2016) and Eli Cook’s “The Pricing of Progress” (2017), its days are surely numbered. Like most other offerings in this genre, David Pilling’s “The Growth Delusion” celebrates the predicted demise of our headline measure of how well the economy is doing—and along with it the end of Western capitalism’s obsession with “endless” production and consumption. Unlike most of the others, he has some constructive suggestions for replacement measures of economic success,...

Behind paywall

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“The growth in CO2 emissions closely follows the growth in Gross Domestic Product (GDP) corrected for improvements in energy efficiency.”

P. Friedlingstein, et al. “Update on CO2 emissions.”
Nature Geoscience. Published online: 21 November 2010

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“Changes in world GDP (WGDP) have a significant effect on CO2 concentrations, so that years of above-trend WGDP are years of greater rise 
of CO2 concentrations.” 

Granados et al. Climate change and the world economy: short-run determinants of atmospheric CO2. 
Environmental science & policy 21 (2012) 

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