Well-being and the Wealth of Nations: How are They to Be Defined?

Florence Jany-Catrice and Dominique M�da

Review of Political Economy, 2013, vol. 25, issue 3, 444-460

Abstract: Questions relating to well-being have recently returned to the limelight, notably with the publication in September 2009 of the Stiglitz-Sen-Fitoussi commission report on the measurement of economic performance and social progress. Has this commission changed the terms of the debate on what a society's wealth and well-being are? Has it proposed new paradigms? In accepting the limitations of GDP as a key indicator of well-being, has it developed a new theoretical foundation and new evaluation criteria suited to a very different situation and to very different priorities from those that prevailed at the time when GDP first became established as a measure of national economic performance? These are the main questions raised and reviewed by this paper.

Date: 2013
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DOI: 10.1080/09538259.2013.807671

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