Document Type

Article

Publication Date

4-2011

Abstract

In his 2011 State of the Union address, President Obama stressed investment in infrastructure, education and clean energy in the U.S. economy to "win the future." Edward Barbier of the University of Wyoming argues that to track the progress of such an investment strategy will require replacing GDP per capita as the main economic indicator with a Net Domestic Product (NDP) measure that is "adjusted" for real depreciation or appreciation in the reproducible, human and natural capital stock.

Publication Title

The Economists' Voice

DOI

10.2202/1553-3832.1833

Comments

Copyright © 2011 by Walter de Gruyter GmbH (http://www.degruyter.com/).

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