Freedom-based measurement of living standard
Nicolas Gravel () and
Benoît Tarroux
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Abstract:
This paper contrasts conventional real GDP and price indicators of living standard, interpreted as revealing information on welfare, with others, that aim at reflecting individual freedom. It is argued that freedom-based indices are easier to use and interpret than traditional real GDP ones. Illustrations of the differences between the two classes of indices are provided for international comparisons, as well as for the evaluation of growth and inflation in France
Keywords: Freedom; welfare; price index; per capita GDP; growth; international comparisons (search for similar items in EconPapers)
Date: 2011
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Published in Annals of Economics and Statistics, 2011, 101/102, pp.37-69. ⟨10.2307/41615473⟩
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Related works:
Journal Article: Freedom-Based Measurement of Living Standard (2011) 
Working Paper: Freedom-Based Measurement of Living Standard (2011)
Working Paper: Freedom-Based Measurement of Living Standard (2008) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00656085
DOI: 10.2307/41615473
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