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Moral Measurement of Prosperity

In: Wellbeing, Values and Lifestyles

Author

Listed:
  • Colin Mayer

    (University of Oxford)

  • Dennis J. Snower

    (Oxford University
    Global Solutions Initiative
    Brookings Institution)

Abstract

The chapter's point of departure is that failures to address collective action problems, such as those of the G20, are invariably moral failures. To tackle these moral failures, it is necessary to measure prosperity in ways that reflect our moral values. The chapter proposes that the G20 adopts the SAGE dashboard for this purpose, where S measures solidarity, A stands for agency, G is material gain and E represents environmental sustainability. On this basis, it is possible to design a normative accounting framework for international, national and corporate accounts (INCAs) for public and private sectors. This is a first step towards “moral capitalism.”

Suggested Citation

  • Colin Mayer & Dennis J. Snower, 2025. "Moral Measurement of Prosperity," Springer Books, in: Sachin Chaturvedi & K. Seeta Prabhu & Sabyasachi Saha (ed.), Wellbeing, Values and Lifestyles, chapter 0, pages 285-293, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-4730-6_23
    DOI: 10.1007/978-981-97-4730-6_23
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