American public policy analyst and university professor Joseph Stiglitz, a Nobel laureate in economics, has been challenging gross domestic product (GDP) as a measure of progress and well-being.
His new book, Measuring What Counts: The Global Movement for Well-Being, cowritten with French economists Jean-Paul Fitoussi and Martine Durand, proposes a new “dashboard” of metrics to assess a society’s health, including measures of inequality and economic vulnerability, whether growth is environmentally sustainable, and how people feel about their lives.
Source: Fast Company