Saturday 10 December 2011

Measuring wellbeing rather than just GDP

Ross Gittins in There's so much more to wealth than money discusses the limitations of using GDP as a measure of a nation's bottom line. He then discusses a measure developed for Fairfax by Dr Nicholas Gruen.

Edit 12/12: Jessica Irvine compares some of the measures of national wellbeing in How to measure the national wellbeing. She then goes on to discuss the findings of the Herald/Lateral Economics Index of Australia's Wellbeing in Nation richer, older and a little bit wiser. She also discusses why the media tend to focus on interest rates (despite only one in three households having a mortgage) and GDP rather than other measures of economic wellbeing in Fixation on rates just obscures big picture.

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