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On the Shoulders of Giants: Tracing Back the Intellectual Sources of the Current Debate on “GDP and Beyond” to the 19th Century

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  • Moore Nils aus dem

    (Rheinisch-Westfä lisches Institut für Wirtschaftsforschung, Büro Berlin, Hessische Straße 10, 10115 Berlin, Germany)

  • Schmidt Christoph M.

    (Schmidt, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Hohenzollernstraße 1-3, 45128 Essen, Germany, and Ruhr-Universität Bochum, IZA (Bonn), and CEPR (London).)

Abstract

An eternal motive of human existence is the search for guidance.While values and beliefs retain their high relevance, today’s enlightened societies also tend to rest their aspirations and decisions on the actual facts and on a sober assessment of possible courses of events emerging from different choices. Given the complexity of modern life, it is by now well understood that this strategy requires objective, comprehensive and accessible statistical reporting. Today, the desire to provide such a valuable basis for individual decisions and policy-making finds one of its most important expressions in the international debate on “GDP and beyond”. In contrast to similar efforts displayed in previous decades, the current projects emphasize sustainability issues and focus on the accessibility of the information, using modern tools of measurement and presentation. Yet, there is ample evidence that even by the mid-19th century economists aspired to use the objectifying power of statistical analysis as an instrument to improve policy-making and to achieve societal progress. Many of the approaches entertained today have thus to be viewed as an extension of attempts started at that time.

Suggested Citation

  • Moore Nils aus dem & Schmidt Christoph M., 2013. "On the Shoulders of Giants: Tracing Back the Intellectual Sources of the Current Debate on “GDP and Beyond” to the 19th Century," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(3), pages 266-290, June.
  • Handle: RePEc:jns:jbstat:v:233:y:2013:i:3:p:266-290
    DOI: 10.1515/jbnst-2013-0303
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    References listed on IDEAS

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    1. Christoph Schmidt, 2007. "Policy evaluation and economic policy advice," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 91(4), pages 379-389, December.
    2. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808, Decembrie.
    3. Enrico Giovannini & Jon Hall & Adolfo Morrone & Giulia Ranuzzi, 2011. "A Framework to measure the progress of societies," Revue d'économie politique, Dalloz, vol. 121(1), pages 93-118.
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    Cited by:

    1. Alessia Damonte & Fedra Negri, 2019. "Gauging fiscal worlds: how the EU countries balanced equality and wealth between 2007 and 2016," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 1675-1692, July.
    2. Jörg Döpke & Andreas Knabe & Cornelia Lang & Philip Maschke, 2017. "Multidimensional Well-being and Regional Disparities in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 55(5), pages 1026-1044, September.
    3. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2015. "Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16 [Focus on Future Viability. Annual Report 2015/16]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201516.
    4. Franz Wolfgang & Winker Peter, 2013. "Guest Editorial," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(3), pages 260-265, June.
    5. Bofinger, Peter & Buch, Claudia M. & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2013. "Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14 [Against a backward-looking economic policy. Annual Report 2013/14]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201314.

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    More about this item

    Keywords

    GDP; well-being; quality of life; sustainability; indicator systems;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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