Mismeasuring Our Lives: Why GDP Doesn't Add Up

Mismeasuring Our Lives: Why GDP Doesn't Add Up


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Mismeasuring Our Lives: Why GDP Doesn't Add Up by Joseph E. Stiglitz, Amartya Sen, Jean-Paul Fitoussi

President Nicolas Sarkozy of France asked Nobel Prize-winning economists Joseph E. Stiglitz and Amartya Sen, along with the distinguished French economist Jean-Paul Fitoussi, to establish a commission of experts to study whether Gross Domestic Product (GDP)-the most widely used measure of economic activity-is really a reliable indicator of economic and social progress.

Mismeasuring Our Lives is the result of this major intellectual effort, containing pressing relevance for anyone engaged is assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of GDP's limitations as a measurement of the well-being of societies and introduce a bold array of new concepts from sustainable measures of economic welfare to evaluations of savings and wealth and a "green GDP." At a time when policy makers worldwide are grappling with unprecedented global financial and environmental issues, Mismeasuring Our Lives is an essential guide to measuring the things that matter most.

Product Details

ISBN-13: 9781595585196
Publisher: New Press, The
Publication date: 05/18/2010
Pages: 176
Product dimensions: 7.72(w) x 5.38(h) x 0.50(d)

About the Author

Joseph Stiglitz is a professor of Economics at Columbia University and the recipient of the John Bates Clark Medal and a Nobel Prize. He is also the former Senior Vice President and Chief Economist of the World Bank. His books include Globalization and Its Discontents, The Three Trillion Dollar War, and Making Globalization Work. He lives in New York City.
Amartya Sen is Lamont University Professor, and Professor of Economics and Philosophy, at Harvard University. The author of numerous books, including Identity and Violence, Rationality and Freedom, and Development as Freedom, he is also the recipient of a Nobel Prize in Economics. He lives in Cambridge, Massachusetts.
Jean Paul Fitoussi is a professor of economics at Sciences-po and the president of OFCE (Sciences-po Center for Economic Research, Paris). He lives in Paris.

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