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Sustainable Well-being as an Economic Indicator: A Challenge for Economic Analysis

Claudio Gnesutta

Rivista italiana degli economisti, 2013, issue 2, 253

Abstract: The «Sarkozy Report» edited by Joseph E. Stiglitz, Amartya Sen and Jean-Paul Fitoussi arguedthat GDP does not provide reliable information on the economic performance and social progressof a country. The Commission expressed, rather, a preference for an indicator of «sustainable well-being»,even if, as is well documented, its effective processing entails significant difficulties. In this paper I willoutline the main implications of a vision of economic and social process that assumes present and futurewell-being as its centre. This is no purely statistical/accounting matter, for it raises more important andcomplex issues in terms both of economic analysis and economic policy that merit deeper collective research.

Keywords: Economy and society; general welfare; well-being; sustainability; social accounting; social indicator; normative criteria. (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:mul:jqat1f:doi:10.1427/73850:y:2013:i:2:p:253