Beyond GDP: The quest for a measure of social welfare. Part I

M. Fleurbaey

doi:10.32609/0042-8736-2012-2-67-93

Beyond GDP: The quest for a measure of social welfare. Part I

M. Fleurbaey

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

In the first part of the article, the author considers monetary indicators of social welfare. It is shown what methods of quantitative assessment of aggregate wealth and prosperity in addition to the traditional indicator of GDP have modern economic theory, the shortcomings of these methods are discussed. In addition, the author shows which welfare measures are adequate in a dynamic context: the problems of the intertemporal welfare analysis are examined using the net national product (NNP) indicator for the purposes of sustainable development policy and ensuring the fate of future generations.

Original language	English (US)
Pages (from-to)	67-93
Number of pages	27
Journal	Voprosy Ekonomiki
Volume	2012
Issue number	2
DOIs	https://doi.org/10.32609/0042-8736-2012-2-67-93
State	Published - 2012
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Keywords

Alternatives to GDP
Equivalent income
Green accounting
Identified preferences
NNP
Public welfare function
Sustainable development

Access to Document

10.32609/0042-8736-2012-2-67-93

Cite this

@article{20c529ae58c54aa7a1ba84b93531e82b,

title = "Beyond GDP: The quest for a measure of social welfare. Part I",

abstract = "In the first part of the article, the author considers monetary indicators of social welfare. It is shown what methods of quantitative assessment of aggregate wealth and prosperity in addition to the traditional indicator of GDP have modern economic theory, the shortcomings of these methods are discussed. In addition, the author shows which welfare measures are adequate in a dynamic context: the problems of the intertemporal welfare analysis are examined using the net national product (NNP) indicator for the purposes of sustainable development policy and ensuring the fate of future generations.",

keywords = "Alternatives to GDP, Equivalent income, Green accounting, Identified preferences, NNP, Public welfare function, Sustainable development",

author = "M. Fleurbaey",

year = "2012",

doi = "10.32609/0042-8736-2012-2-67-93",

language = "English (US)",

volume = "2012",

pages = "67--93",

journal = "Voprosy Ekonomiki",

issn = "0042-8736",

publisher = "Voprosy Ekonomiki",

number = "2",

}

TY - JOUR

T1 - Beyond GDP

T2 - The quest for a measure of social welfare. Part I

AU - Fleurbaey, M.

PY - 2012

Y1 - 2012

N2 - In the first part of the article, the author considers monetary indicators of social welfare. It is shown what methods of quantitative assessment of aggregate wealth and prosperity in addition to the traditional indicator of GDP have modern economic theory, the shortcomings of these methods are discussed. In addition, the author shows which welfare measures are adequate in a dynamic context: the problems of the intertemporal welfare analysis are examined using the net national product (NNP) indicator for the purposes of sustainable development policy and ensuring the fate of future generations.

AB - In the first part of the article, the author considers monetary indicators of social welfare. It is shown what methods of quantitative assessment of aggregate wealth and prosperity in addition to the traditional indicator of GDP have modern economic theory, the shortcomings of these methods are discussed. In addition, the author shows which welfare measures are adequate in a dynamic context: the problems of the intertemporal welfare analysis are examined using the net national product (NNP) indicator for the purposes of sustainable development policy and ensuring the fate of future generations.

KW - Alternatives to GDP

KW - Equivalent income

KW - Green accounting

KW - Identified preferences

KW - NNP

KW - Public welfare function

KW - Sustainable development

UR - http://www.scopus.com/inward/record.url?scp=85073677622&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85073677622&partnerID=8YFLogxK

U2 - 10.32609/0042-8736-2012-2-67-93

DO - 10.32609/0042-8736-2012-2-67-93

M3 - Article

AN - SCOPUS:85073677622

SN - 0042-8736

VL - 2012

SP - 67

EP - 93

JO - Voprosy Ekonomiki

JF - Voprosy Ekonomiki

IS - 2

ER -

Beyond GDP: The quest for a measure of social welfare. Part I

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Access to Document

Other files and links

Fingerprint

Cite this