Economic Welfare Measurements and Human Well-Being.
GDP per head is not only an economic indicator, but is widely used as a welfare indicator. This use not well founded in economic theory. The paper compares income per head with a three groups of alternative indicators: 'extended national accounts', social indicators, and indicators of subj...
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| Format: | Working paper |
| Language: | English |
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Nuffield College (University of Oxford)
2000
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