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Book Synopsis
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 activityis 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 societiesconsidering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is

Mismeasuring Our Lives

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    A Paperback by Joseph Stiglitz

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      Book details

      Publisher The New Press
      Published 5/26/2011
      ISBN-13 9781595585196
      978-1595585196
      ISBN-10 1595585192

      Description

      Book Synopsis
      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 activityis 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 societiesconsidering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is

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