কুইক লিঙ্ক : মুজিব বর্ষ | করোনা ভাইরাসের প্রাদুর্ভাব | প্রিয় স্টোর

How about experiential indicators of wellbeing?

ডেইলি স্টার আদনান জিল্লুর মোর্শেদ প্রকাশিত: ০৬ এপ্রিল ২০২১, ০০:০০

That gross domestic product (GDP) is not a fully satisfying measure of a country's progress is no longer news. The awareness of GDP's inadequacies in revealing a nation's state of development is now almost mainstream. The driving mantra that "anything that can be measured can be improved" has been faulted for excessive linearity and misleading objectivity. A year after winning the Nobel Prize in Economics in 1998, Amartya Sen published Development as Freedom. The book starts with this straight-shooting statement: "Development can be seen… as a process of expanding the real freedoms that people enjoy. Focusing on human freedoms contrasts with narrower views of development, such as identifying development with the growth of gross national product, or with the rise in personal incomes, or with industrialisation, or with technological advance, or with social modernisation."


A decade later, in 2009, three economists—Sen, Joseph Stiglitz, and Jean-Paul Fitoussi—led a groundbreaking study on alternatives to GDP, commissioned by the then French president Nicolas Sarkozy.

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