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| Author: | England, R. |
| Title: | Measurement of social well-being: alternatives to gross domestic product |
| Journal: | Ecological Economics
1998 : APR, VOL. 25:1, p. 89-103 |
| Index terms: | MEASUREMENT SOCIAL WELFARE PRODUCTION |
| Language: | eng |
| Abstract: | Gross domestic product (GDP) is widely acknowledged to be a poor measure of social well-being. This paper surveys several substitutes for and modifications of GDP which have been offered as measures of society's welfare. The Index of Sustainable Economic Welfare, a measure endorsed by many ecological economists, is found to possess a variety of virtues -- but also several imperfections. The search for a social welfare measure has not yet ended. |
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