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Beyond GDP: The Quest for a Measure of Social Welfare

Listed author(s):
  • M. FLEURBAEY.

Part I The first part of the paper is devoted to the monetary indicators of social welfare. It is shown which methods of quantitative estimating the aggregate wealth and well-being are available in the modern economic theory apart from the traditional GDP measure. The limitations of the methods are also discussed. The author shows which measures of welfare are adequate in the dynamic context: he considers the problems of intertemporal welfare analysis using the Net National Product (NNP) for the sustainability policy and in the context of concern for well-being of the future generations.

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Article provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.

Volume (Year): 2 (2012)
Issue (Month): ()
Pages:

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Handle: RePEc:nos:voprec:2012-02-4
Contact details of provider: Web page: http://www.vopreco.ru/eng/year.html

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  7. Neumayer, Eric, 2004. "Sustainability and Well-being Indicators," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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  42. repec:pri:cheawb:deaton_income_health_and_wellbeing_around_the_world_evidence_%20from_gallup_world_poll_jep_spring2008 is not listed on IDEAS
  43. repec:pri:indrel:dsp0141687h46j is not listed on IDEAS
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