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Going beyond growth to improve social-ecological well-being

Author

Listed:
  • Eloi Laurent

    (OFCE/Sciences Po, Ponts ParisTech, Stanford University)

Abstract

The criticism of Gross Domestic Product (GDP) and economic growth is now decades old but many misconceptions remain about the alleged linkages between GDP growth, human well-being and social progress. This article starts by contrasting economic growth on the one hand and human development on the other, theoretically and empirically. It then argues that economic growth is actually not central to supporting social policy as often believed. Finally, it shows that the well-being transition beyond GDP and growth, already under way around the world, can take the form of three social-ecological policies.

Suggested Citation

  • Eloi Laurent, 2022. "Going beyond growth to improve social-ecological well-being," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 101(01), pages 56-71.
    • Handle: RePEc:ekz:ekonoz:2022103
    as

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    More about this item

    Keywords

    growth; GDP; well-being; social-ecology;
    All these keywords.

    JEL classification:

    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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