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Beyond GDP – Measuring Welfare and Assessing Sustainability - Oxford Scholarship Online
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Beyond GDP: Measuring Welfare and Assessing Sustainability

Marc Fleurbaey and Didier Blanchet


In spite of recurrent criticism and an impressive production of alternative indicators by scholars and NGOs, GDP remains the central indicator of countries’ success. This book revisits the foundations of indicators of social welfare, and critically examines the four main alternatives to GDP that have been proposed: composite indicators, subjective well-being indexes, capabilities (the underlying philosophy of the Human Development Index), and equivalent incomes. Its provocative thesis is that the problem with GDP is not that it uses a monetary metric but that it focuses on a narrow set of aspe ... More

Keywords: GDP, social welfare, well-being indexes, values, greening, sustainability, indicators

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199767199
Published to Oxford Scholarship Online: May 2013 DOI:10.1093/acprof:oso/9780199767199.001.0001


Affiliations are at time of print publication.

Marc Fleurbaey, author

Didier Blanchet, author
University Paris Descartes