Beyond GDP
Subtitle: Measuring Welfare and Assessing Sustainability
Publisher: Oxford University Press, Incorporated; Oxford University Press
Published: 2013
Language: eng
Number of pages: 320
ISBN-13: 9780199767199
Subjects: Economic policy; Social policy; Welfare economics
Description: Is GDP a good proxy for social welfare? Building on economic theory, this book confirms that it is not, but also that most alternatives to it share its basic flaw, i.e., a focus on specific aspects of people's lives without sufficiently taking account of people's values and goals. A better approach is possible.