Why We Need to Change How We Measure Our Wealth

Comprehensive wealth (or inclusive wealth) is about measuring what matters in the long run.

It focuses on the role of people, the environment, and the economy in creating and sustaining well-being. It goes beyond merely measuring gross domestic product (GDP) and addresses issues that GDP cannot capture on its own.

Made up of five components: produced, financial, natural, human and social capital, comprehensive wealth is the holistic approach that will prove key to successfully guiding Canada through the 21st century and beyond.

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About Eric Miller

I am an Ecological Economist, currently working as a consulting economist and university lecturer. Most of my career has been in the Ontario and federal public service. About half of my work these days relates to ecosystem services: communicating the concept, assessing available information, and proposing ways to integrate the concept and measurement into policies and programs. I earned an MES in Ecological Macroeconomics from York University, a BA in Economics from McMaster University and a BSc in Biology from Carleton University.

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