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The measurement of economic performance and social progress revisited: Reflections and Overview

Joseph Stiglitz, Amartya K. Sen and Jean-Paul Fitoussi ()
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Amartya K. Sen: Department of Economics

No 2009-33, Sciences Po publications from Sciences Po

Abstract: In February 2008, the President of the French Republic, Nicholas Sarkozy, unsatisfied with the present state of statistical information about the economy and the society, asked, Joseph Stiglitz (President of the Commission), Amartya Sen (Advisor) and Jean Paul Fitoussi (Coordinator) to create a Commission, subsequently called “The Commission on the Measurement of Economic Performance and Social Progress” (CMEPSP). The Commission’s aim has been to identify the limits of GDP as an indicator of economic performance and social progress, including the problems with its measurement, to consider what additional information might be required for the production of more relevant indicators of social progress, to assess the feasibility of alternative measurement tools, and to discuss how to present the statistical information in an appropriate way (...).

Date: 2009-12
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