Joseph Stiglitz Mismeasuring Our Lives

Name: Joseph Stiglitz Mismeasuring Our Lives
Brand: Joseph Stiglitz
Price: 16.61 EUR
Availability: InStock

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In February of 2008, amid the looming global financial crisis, President Nicolas Sarkozy of France asked Nobel Prize winning economists Joseph Stiglitz and Amartya Sen, along with the distinguished French economist Jean Paul Fitoussi, to establish a commission of leading economists to study whether Gross Domestic Product (GDP) the most widely used measure of economic activity is a reliable indicator of economic and social progress. The Commission was given the further task of laying out an agenda for developing better measures. Mismeasuring Our Lives is the result of this major intellectual effort, one with pressing relevance for anyone engaged in assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of the limits of GDP as a measurement of the well-being of societies considering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is