Measuring What Counts

A bold agenda for a better way to assess societal well-being, by three of the world’s leading economists and statisticians.

In 2009, a group of economists led by Nobel laureate Joseph E. Stiglitz, French economist Jean-Paul Fitoussi, and Nobel laureate Amartya Sen issued a report challenging gross domestic product (GDP) as a measure of progress and well-being. Published as Mismeasuring Our Lives by The New Press, the book sparked a global conversation about GDP and a major movement among scholars, policy makers, and activists to change the way we measure our economies.

Now, in Measuring What Counts, these economists, summarising the deliberations of a panel of experts on the measurement of economic performance and social progress hosted at the OECD, the official think tank of the advanced countries, propose a new, "beyond GDP" agenda. The book offers an accessible overview of the last decade's global movement, sparked by their original critique of GDP, and proposes a new "dashboard" of metrics to assess a society's health, including measuring inequality and economic vulnerability, whether growth is environmentally sustainable, how people feel about their lives, and what factors contribute to individuals' and countries' success. It also offers a guide for policy makers and others on how to use these new tools to change the way we measure our lives--and to plot a radically new path forward.

About the Authors

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 and a co-author of Mismeasuring Our Lives. He lives in New York City. 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 a co-editor of For Good Measure. He lives in Paris.

Martine Durand is the chief statistician and director of statistics of the OECD. She is a co-editor of For Good Measure. She lives in Paris.