There is no sustainability without a balance sheet
It could be argued that we are misusing the term “Capital” within Natural and Social Capital.
The Wealth of Nations
GDP and Wealth are complementary indicators that provide a fuller picture of economic well-being. A country’s comprehensive wealth includes all produced capital such as factories and roads; natural capital like forests and water; human capital, which leads to earnings; and net foreign assets. Only by having a clear understanding of our world’s wealth—including all forms of capital—can we plan for a more sustainable future. The World Bank is working with countries to go beyond GDP and build a more accurate picture of their wealth.
Training Booklet on Wealth Accounting Indicators
Comprehensive Wealth in Canada: Measuring What Matters in the Long Run
The Little Green Data Book 2016
WAVES Annual Report 2016
How to Measure Prosperity
GDP is a bad gauge of material well-being, time for a fresh approach that accounts for parks and intangible capital, as well as the depletion of capital and damage to the environment.
Australian Environmental-Economic Accounts, 2014
Australian Environmental-Economic Accounts, 2016
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