Economics for everybody : Going beyond GDP: what for and how? By Marc Fleurbaey

What new indicators should be used to measure economic performance and social progress beyond the limits of gross domestic product (GDP)?
In this editorial, Marc Fleurbaey identifies four issues that could improve this measurement: quality of life, inequality, the environment and the redefinition of the corporate mission.

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GDP is used to calculate economic growth, i.e. changes in the production of goods and services on the national territory from one year to the next.
Source: Ministère de l’Économie, des Finances et de la Souveraineté industrielle et numérique

Marc Fleurbaey is professor at the Paris School of Economics and senior researcher at the French National Centre for Scientific Research (CNRS). He is also co-holder of the Measurement in Economics, Nowcasting – Beyond GDP Chair. His research focuses on welfare economics, social choice theory, well-being, public economics and climate policy.

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