Beyond GDP: The quest for a measure of social welfare

Research output: Contribution to journalArticle

216 Scopus citations

Abstract

This paper critically examines the various approaches to the measurement of individual well-being and social welfare that have been considered for the construction of alternatives to GDP. Special attention is devoted to recent developments in the analysis of sustainability, in the study of happiness, in the theory of social choice and fair allocation, and in the capability approach. It is suggested in the conclusion that, although convergence toward a consensual approach is not impossible, for the moment not one but three alternatives to GDP are worth developing. (JEL I31, E23, E01).

Original languageEnglish (US)
Pages (from-to)1029-1075
Number of pages47
JournalJournal of Economic Literature
Volume47
Issue number4
DOIs
StatePublished - 2009

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Beyond GDP: The quest for a measure of social welfare'. Together they form a unique fingerprint.

  • Cite this