A bold agenda for a better way to assess societal well-being, by three of the world's leading economists and statisticians If we want to put people first, we have to know what matters to them, what improves their well-being, and how we can supply more of whatever that is.
--Joseph E.
Stiglitz In 2009, a group of economists led by Nobel laureate Joseph E.
Stiglitz, French economist Jean-Paul Fitoussi, and Nobel laureate Amartya Sen issued a report challenging gross domestic product (GDP) as a measure of progress and well-being.
Published as Mismeasuring Our Lives by The New Press, the book sparked a global conversation about GDP and a major movement among scholars, policy makers, and activists to change the way we measure our economies.
Now, in Measuring What Counts, Stiglitz, Fitoussi, and Martine Durand--summarizing the deliberations of a panel of experts on the measurement of economic performance and social progress hosted at the OECD, the international organization incorporating the most economically advanced countries--propose a new, beyond GDP agenda.
This book provides an accessible overview of the last decade's global movement, sparked by the original critique of GDP, and proposes a new dashboard of metrics to assess a society's health, including measures of inequality and economic vulnerability, whether growth is environmentally sustainable, and how people feel about their lives.
Essential reading for our time, it also serves as a guide for policy makers and others on how to use these new tools to fundamentally change the way we measure our lives--and to plot a radically new path forward.
About the Author Joseph E.
Stiglitz, a Nobel laureate in economics, is university professor at Columbia University and chief economist at the Roosevelt Institute.
He is the author of The Stiglitz Report and a co-author of Mismeasuring Our Lives.
He lives in New York City.
Jean-Paul Fitoussi is professor emeritus at the Institut d'Etudes Politiques de Paris (Sciences Po),.