Exton sums it up: “If you want to represent the sum of human progress one number just isn't going to cut it”, she says. The reality that we need a variety of different indicators that better reflect our living conditions today. Exton makes it clear that the end is nigh for GDP as a crude “proxy” for “human progress”. In fact, the OECD point to the fact that GDP obscures a lot of the vital data, ordinary people are keen to see.

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For example take income growth–the basic idea that as we work harder and longer, we earn more. The OECD found that over the last decade, the most wealthy top 10% have seen that rise four times more than for the bottom 10%. In short, for every pound in a poor man’s pocket, there’s four for those at the top. But it’s not just money. In 2019 there’s a whole system of concerns orbiting our lives that we need to know about. The OECD acknowledge that GDP ignores the many things people consider to be priceless like health, trust and social connectivity, leisure time. “We can count the money people spend on these things”, Exton adds, “but we can't capture the value of being in good health within the GDP framework.”

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Moser adds that “if we use economic indicators alone as proxies for population wellbeing, then policies will remain focused on economies. When we measure human happiness and wellbeing, we are radically changing the paradigm, and focusing attention–and policies to follow, beyond pure economic activity.”