05 Nov '11, 7pm

So instead of GDP, what should we use to measure growth? @revkin may be onto something here:

So instead of GDP, what should we use to measure growth? @revkin may be onto something here:

A Nobel laureate, Joseph E. Stiglitz , has joined the circle of economists convinced that the world needs new ways of measuring progress as human numbers and appetites butt up against the planet’s limits and old economic models have hit some speed bumps . In The Financial Times yesterday , Dr. Stiglitz, who teaches at Columbia University, outlined the results of a study he and other economists conducted for President Nicolas Sarkozy of France providing advice on a basket of measurements that might better reflect whether a country is advancing the quality of lives while not diminishing the environment. Mr. Sarkozy embraced the findings and called on France’s econometric bureaucracy to shift how it assesses progress and on world leaders and international institutions to do the same. Dr. Stiglitz’s column on the report echoes many ideas promoted by a more touchy-feely crowd t...

Full article: http://dotearth.blogs.nytimes.com/tag/bhutan/

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