Living Wealth Indicators

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Report by the Commission on the Measurement of Economic Performance and Social Progress

Author(s): 
Joseph E. Stiglitz, Amartya Sen, and Jean-Paul Fitoussi

The Commission was created the beginning of 2008 by French President Sarkozy to address the adequacy of GDP as an appropriate indicator of economic performance.

Published Date: 
2009

Prosperity without growth? The transition to a sustainable economy

Author(s): 
Tim Jackson

The economy is geared, above all, to economic growth. Economic policy in the current recession is all about returning to growth – but an economic crisis can be an opportunity for some basic rethinking and restructuring.

Two objectives other than growth – sustainability and wellbeing – have moved up the political and policy-making agenda in recent years, challenging the overriding priority traditionally given to economic growth.

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Published Date: 
March, 2009

The Economics of the Coming Spaceship Earth (Historical)

Author(s): 
Kenneth Ewart Boulding

This paper was first presented by Kenneth Ewart Boulding at the Sixth Resources for the Future Forum on Environmental Quality in a Growing Economy in Washington, D.C. on March 8,1966.

In a "spaceship world," well-being is properly measured by the condition of stocks of food, oxygen, water, crew health and other essentials, not on the rate of use or throughput.

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Published Date: 
March, 1966

The Economics of Happiness: Discovering Genuine Wealth

Author(s): 
Mark Anielski

We all know that money can’t buy you love…or happiness. But we have been living our lives as though the accumulation of wealth is the key to our dreams. North Americans have never been wealthier, but over the past 50 years our increasing prosperity has hardly made a dent on our happiness while many conditions of well-being are in decline.

So why do our measures of economic progress not reflect the values that make us happy: supportive relationships, meaningful work, a healthy environment and spiritual well-being?

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Published Date: 
June, 207

What Difference Does Inequality Make?

Author(s): 
Richard Wilkinson

Wikinson is author of the UK best seller The Spirit Level: Why More Equal Societies Almost Always Do Better. This article makes a clear link between inequality and social dysfunction and argues that for high income countries managing the economy for equity is far more important than managing for GDP growth.

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Published Date: 
March, 2009

Overcoming Barriers in the Key National Indicators Initiative

Author(s): 
Kristi Laguzza-Boosman

Abstract: The purpose of this paper is to design a multi-sector collaboration project that can

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Published Date: 
February, 2007

Beyond GDP: The Need for New Measures of Progress

Author(s): 
Robert Costanza, Maureen Hart, Stephen Posner, and John Talberth

This paper is a call for better indicators of human well-being in nations around the world. We critique the inappropriate use of Gross Domestic Product (GDP) as a measure of national well-being, something for which it was never designed. We also question the idea that economic growth is always synonymous with improved well-being.

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Published Date: 
January, 2009

Ecological Economics: Principles And Applications (Textbook)

Author(s): 
Herman Daly and Joshua Farley

Conventional economics is often criticized for failing to reflect adequately the value of clean air and water, species diversity, and social and generational equity. By excluding biophysical and social systems from their analyses, many conventional economists overlook problems of the increasing scale of human impacts and the inequitable distribution of resources.

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Published Date: 
November, 2003

Resources: Living Wealth Indicators

Replace GDP with indicators of human health, social well-being, and ecological integrity.

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