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The measurement of economic performance and social progress revisited: Reflections and Overview

Author

Listed:
  • Joseph Stiglitz

    (Columbia Business School)

  • Amartya K. Sen

    (Department of Economics)

  • Jean-Paul Fitoussi

    (Observatoire français des conjonctures économiques)

Abstract

In February 2008, the President of the French Republic, Nicholas Sarkozy, unsatisfied with the present state of statistical information about the economy and the society, asked, Joseph Stiglitz (President of the Commission), Amartya Sen (Advisor) and Jean Paul Fitoussi (Coordinator) to create a Commission, subsequently called “The Commission on the Measurement of Economic Performance and Social Progress” (CMEPSP). The Commission’s aim has been to identify the limits of GDP as an indicator of economic performance and social progress, including the problems with its measurement, to consider what additional information might be required for the production of more relevant indicators of social progress, to assess the feasibility of alternative measurement tools, and to discuss how to present the statistical information in an appropriate way (...).

Suggested Citation

  • Joseph Stiglitz & Amartya K. Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited: Reflections and Overview," Sciences Po publications 2009-33, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h4687h53k
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. GDP as a Faulty Measure of Economic Development: The Weapons Industry
      by noreply@blogger.com (David Zetland) in Aguanomics on 2015-11-17 19:01:00

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    Cited by:

    1. Hoff, Karla & Stiglitz, Joseph E., 2016. "Striving for balance in economics: Towards a theory of the social determination of behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PB), pages 25-57.
    2. Djankov, Simeon & Nikolova, Elena & Zilinsky, Jan, 2016. "The happiness gap in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 44(1), pages 108-124.
    3. Pollesch, N.L. & Dale, V.H., 2016. "Normalization in sustainability assessment: Methods and implications," Ecological Economics, Elsevier, vol. 130(C), pages 195-208.
    4. Nikolova, Milena & Graham, Carol, 2015. "In transit: The well-being of migrants from transition and post-transition countries," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 164-186.
    5. Hartmann, Dominik & Guevara, Miguel R. & Jara-Figueroa, Cristian & Aristarán, Manuel & Hidalgo, César A., 2017. "Linking Economic Complexity, Institutions, and Income Inequality," World Development, Elsevier, vol. 93(C), pages 75-93.
    6. Rogelio Madrueño-Aguilar, 2017. "Global Income Distribution and the Middle-Income Strata: Implications for the World Development Taxonomy Debate," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(1), pages 1-18, January.
    7. repec:eee:enepol:v:108:y:2017:i:c:p:435-450 is not listed on IDEAS
    8. María A. Prats & Beatriz Sandoval, 2016. "Stock market and economic growth in Eastern Europ," Working Papers 16-09, Asociación Española de Economía y Finanzas Internacionales.
    9. repec:ssi:jouesi:v:4:y:2017:i:4:p:489-501 is not listed on IDEAS
    10. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    11. Binder, Martin & Blankenberg, Ann-Kathrin, 2016. "Environmental concerns, volunteering and subjective well-being: Antecedents and outcomes of environmental activism in Germany," Ecological Economics, Elsevier, vol. 124(C), pages 1-16.
    12. Manfredi, Marisol, 2017. "Otras formas de medir el bienestar: una propuesta para el tercer milenio," Nülan. Deposited Documents 2833, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    13. Pearson, Leonie J. & Kashima, Yoshihisa & Pearson, Craig J., 2012. "Clarifying protected and utilitarian values of critical capital," Ecological Economics, Elsevier, vol. 73(C), pages 206-210.
    14. Olivier Malay, 2017. "Beyond GDP indicators: A tension between powerful stakeholders and transformative potential?," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2017018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    15. repec:zbw:zewexp:170569 is not listed on IDEAS
    16. Svetlana Biloocaia, 2016. "The Main Aspects of Implementing the Accumulation Function by the Financial Markets of European Countries," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 320-326.
    17. Marco Musella & Giancarlo Ragozini, 2014. "Human development challenges in the euro-Mediterranean area," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - Italian Review of Economics, Demography and Statistics, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 68(2), pages 21-33, April-Jun.
    18. Nikolaev, Boris, 2016. "Does Higher Education Increase Hedonic and Eudaimonic Happiness?," MPRA Paper 78438, University Library of Munich, Germany.
    19. Fausto Pacicco & Massimiliano Serati, 2017. "A proposal for a micro-territorial well-being index: the WIT," LIUC Papers in Economics 307, Cattaneo University (LIUC).

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