Druid Offers New Model for Measuring Economic Productivity


Image credit: Good
John Michael Greer is a blogger and a Druid who has some radical ideas about how we should evaluate economic productivity (hint: energy efficiency is important, financial services, not so much).Good explains:

Usually productivity is calculated as the dollar value of income produced per worker hour. But there are problems with that metric. It ignores the increasing importance of energy efficiency and it overvalues financial services work that may or may not actually be valuable. After all, it's easy to create "profit" by sitting at a desk and conjuring up some credit default swaps, but we know where that leads.

Instead, he argues, we should be looking at "energy productivity."

Read more at GOOD.is
Read more about energy efficiency:
Empire State Building Goes Green: Major Energy Efficiency Improvement Retrofit Announced
Shaking Off Palin's Shadow, Alaska Embraces Energy Efficiency
Beating the Energy Efficiency Paradox (Part I)

Tags: Economics | Energy Efficiency

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