Article by [author-name] (c) South China Morning Post - Read full story here.
If GDP doesn’t add up, how is the world to measure well-being and progress?
Just over a decade ago, the government of Nicolas Sarkozy in France set up a Commission on the Measurement of Economic Performance and Social Progress. Its report, by a team led by Nobel laureate Joseph Stiglitz, was titled Mismeasuring Our Lives: Why GDP Doesn’t Add Up.A year ago, revisiting the theme, Stiglitz reiterated: “If we want to put people first, we have to know what matters to them, what improves their well-being and how we can supply more of whatever that is. The Beyond GDP…