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Well-being and the Wealth of Nations: How are They to Be Defined?

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  • Florence Jany-Catrice
  • Dominique M�da

Abstract

Questions relating to well-being have recently returned to the limelight, notably with the publication in September 2009 of the Stiglitz-Sen-Fitoussi commission report on the measurement of economic performance and social progress. Has this commission changed the terms of the debate on what a society's wealth and well-being are? Has it proposed new paradigms? In accepting the limitations of GDP as a key indicator of well-being, has it developed a new theoretical foundation and new evaluation criteria suited to a very different situation and to very different priorities from those that prevailed at the time when GDP first became established as a measure of national economic performance? These are the main questions raised and reviewed by this paper.

Suggested Citation

  • Florence Jany-Catrice & Dominique M�da, 2013. "Well-being and the Wealth of Nations: How are They to Be Defined?," Review of Political Economy, Taylor & Francis Journals, vol. 25(3), pages 444-460, July.
    • Handle: RePEc:taf:revpoe:v:25:y:2013:i:3:p:444-460
    DOI: 10.1080/09538259.2013.807671
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    References listed on IDEAS

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    1. Florence Jany-Catrice & Stephan Kampelmann, 2007. "L'indicateur de bien-être économique : une application à la France," Revue Française d'Économie, Programme National Persée, vol. 22(1), pages 107-148.
    2. Miringoff, Marc L. & Miringoff, Marque-Luisa, 1999. "The Social Health of the Nation: How America is Really Doing," OUP Catalogue, Oxford University Press, number 9780195133493.
    3. Miringoff, Marc L. & Miringoff, Marque-Luisa, 1999. "The Social Health of the Nation: How America is Really Doing," OUP Catalogue, Oxford University Press, number 9780195133486.
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    Cited by:

    1. Sandrine Michel, 2018. "Social spending as a driver of economic growth: has the theoretical consensus of the 1980s led to successful economic policies?," Post-Print hal-01944296, HAL.

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