The co-op bookstore for avid readers
Book Cover for: Mismeasuring Our Lives: Why GDP Doesn't Add Up, Joseph E. Stiglitz

Mismeasuring Our Lives: Why GDP Doesn't Add Up

Joseph E. Stiglitz

In February of 2008, amid the looming global financial crisis, President Nicolas Sarkozy of France asked Nobel Prize-winning economists Joseph Stiglitz and Amartya Sen, along with the distinguished French economist Jean Paul Fitoussi, to establish a commission of leading economists to study whether Gross Domestic Product (GDP)--the most widely used measure of economic activity--is a reliable indicator of economic and social progress. The Commission was given the further task of laying out an agenda for developing better measures.

Mismeasuring Our Lives is the result of this major intellectual effort, one with pressing relevance for anyone engaged in assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of the limits of GDP as a measurement of the well-being of societies--considering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is increasing); and does not factor environmental impacts into economic decisions.

In place of GDP, Mismeasuring Our Lives introduces a bold new array of concepts, from sustainable measures of economic welfare, to measures of savings and wealth, to a "green GDP." At a time when policymakers worldwide are grappling with unprecedented global financial and environmental issues, here is an essential guide to measuring the things that matter.

Book Details

  • Publisher: New Press
  • Publish Date: May 18th, 2010
  • Pages: 176
  • Language: English
  • Edition: undefined - undefined
  • Dimensions: 7.40in - 5.20in - 0.60in - 0.40lb
  • EAN: 9781595585196
  • Categories: Economics - MacroeconomicsEconomics - Theory

About the Author

Stiglitz, Joseph E.: -

Joseph E. Stiglitz, a Nobel laureate in economics, is university professor at Columbia University and chief economist at the Roosevelt Institute. He is the author of The Stiglitz Report, a co-author of Mismeasuring Our Lives and Measuring What Counts, and a co-editor of For Good Measure (all published by The New Press). He lives in New York City.

Sen, Amartya: -

Amartya Sen is Thomas W. Lamont University Professor and a professor of economics and philosophy at Harvard University and was until 2004 the master of Trinity College, Cambridge. He is a co-author, with Joseph E. Stiglitz and Jean-Paul Fitoussi, of Mismeasuring Our Lives: Why GDP Doesn't Add Up (The New Press). In 1998 he received the Nobel Prize in Economics and in 2012 the National Humanities Medal. He lives in Cambridge, Massachusetts.

Fitoussi, Jean-Paul: -

Jean-Paul Fitoussi is professor emeritus at the Institut d'Etudes Politiques de Paris (SciencesPo), Paris, and professor at LUISS Guido Carli University, Rome. He is a co-author of Mismeasuring Our Lives and Measuring What Counts and a co-editor of For Good Measure (all published by The New Press). He lives in Paris.

More books by Joseph E. Stiglitz

Book Cover for: The Road to Freedom: Economics and the Good Society, Joseph E. Stiglitz
Book Cover for: The Price of Inequality, Joseph E. Stiglitz
Book Cover for: People, Power, and Profits: Progressive Capitalism for an Age of Discontent, Joseph E. Stiglitz
Book Cover for: Creating a Learning Society: A New Approach to Growth, Development, and Social Progress, Joseph E. Stiglitz
Book Cover for: Creating a Learning Society: A New Approach to Growth, Development, and Social Progress, Reader's Edition, Joseph E. Stiglitz
Book Cover for: Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump, Joseph E. Stiglitz
Book Cover for: Measuring What Counts: The Global Movement for Well-Being, Joseph E. Stiglitz
Book Cover for: Fair Trade for All: How Trade Can Promote Development (Revised), Joseph E. Stiglitz
Book Cover for: Lectures on Public Economics: Updated Edition, Anthony B. Atkinson
Book Cover for: Selected Works of Joseph E. Stiglitz: Volume III: Rethinking Microeconomics, Joseph E. Stiglitz
Book Cover for: The Euro: How a Common Currency Threatens the Future of Europe, Joseph E. Stiglitz
Book Cover for: The Great Divide: Unequal Societies and What We Can Do about Them, Joseph E. Stiglitz
Book Cover for: Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity, Joseph E. Stiglitz
Book Cover for: Rewriting the Rules of the European Economy: An Agenda for Growth and Shared Prosperity, Joseph E. Stiglitz
Book Cover for: Reescribir Las Reglas de la Economía Europea: Propuestas Para El Crecimiento Y La Prosperidad Compartida, Joseph E. Stiglitz
Book Cover for: La Economía del Sector Público, 4th Ed., Joseph E. Stiglitz