Going beyond growth to improve social-ecological well-being

Eloi Laurent

EKONOMIAZ. Revista vasca de Economía, 2022, vol. 101, issue 01, 56-71

Abstract: The criticism of Gross Domestic Product (GDP) and economic growth is now decades old but many misconceptions remain about the alleged linkages between GDP growth, human well-being and social progress. This article starts by contrasting economic growth on the one hand and human development on the other, theoretically and empirically. It then argues that economic growth is actually not central to supporting social policy as often believed. Finally, it shows that the well-being transition beyond GDP and growth, already under way around the world, can take the form of three social-ecological policies.

Keywords: growth; GDP; well-being; social-ecology (search for similar items in EconPapers)
JEL-codes: B55 D63 E01 I15 I31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2022103

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