Excerpt from Summary of Kate Raworth's Doughnut Economics
#1
GDP, or Gross Domestic Product, is a measure of a country’s economic health. But in the current era of climate change, it doesn’t take into account the well-being of the environment or the people in it.
#2
The earliest known definition of economics was given by James Steuart in 1767, who defined it as the science of domestic policy in free nations.
