Freedom-Based Measurement of Living Standard
AbstractThis paper contrasts conventional real GDP and price indicators of individual living standard, interpreted as revealing information on individual welfare, with others, that aim at reflecting individual freedom. It is argued that freedom-based indices are easier to use and interpret than traditional real GDPones. Illustrations of the differences between the two classes of indices are provided for international comparisons, as well as for the evaluation of growth and inflation in France.
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Bibliographic InfoPaper provided by Institut d'economie publique (IDEP), Marseille, France in its series IDEP Working Papers with number 0808.
Length: 44 pages
Date of creation: Nov 2008
Date of revision: Nov 2008
Other versions of this item:
- NEP-ALL-2009-01-03 (All new papers)
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