from Peter Söderbaum
Present accounting systems at the national and organizational level are closely connected with neoclassical economics. The principal parameter in national accounting is Gross Domestic Item (GDP). Other macroeconomic indicators are consumption, investments, exports, imports. These variables are all monetary in type.
But as has (hopefully) been created clear, present threats to mankind are as substantially, if not extra, of a non-monetary type. Nowadays “sustainable development” has turn into a important challenge exactly where non-monetary accounting of a tentative or extra standardized type are really substantially required. Handful of individuals amongst these who take element in the improvement dialogue take into consideration GDP and GDP-development to be a enough notion of welfare.
Economics, ideological orientation and democracy for sustainable improvement