Measuring What Counts

A bold agenda for a better way to assess societal well-being, by three of the world's leading economists and statisticians

"If we want to put people first, we have to know what matters to them, what improves their well-being, and how we can supply more of whatever that is."
―Joseph E. Stiglitz

In 2009, a group of economists led by Nobel laureate Joseph E. Stiglitz, French economist Jean-Paul Fitoussi, and Nobel laureate Amartya Sen issued a report challenging gross domestic product (GDP) as a measure of progress and well-being. Published as Mismeasuring Our Lives by The New Press, the book sparked a global conversation about GDP and a major movement among scholars, policy makers, and activists to change the way we measure our economies.

Now, in Measuring What Counts, Stiglitz, Fitoussi, and Martine Durand―summarizing the deliberations of a panel of experts on the measurement of economic performance and social progress hosted at the OECD, the international organization incorporating the most economically advanced countries―propose a new, "beyond GDP" agenda. This book provides an accessible overview of the last decade's global movement, sparked by the original critique of GDP, and proposes a new "dashboard" of metrics to assess a society's health, including measures of inequality and economic vulnerability, whether growth is environmentally sustainable, and how people feel about their lives. Essential reading for our time, it also serves as a guide for policy makers and others on how to use these new tools to fundamentally change the way we measure our lives―and to plot a radically new path forward.

Joseph E. Stiglitz, a Nobel laureate in economics, is university professor at Columbia University and chief economist at the Roosevelt Institute. He is the author of The Stiglitz Report: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis, a co-author of Mismeasuring Our Lives: Why GDP Doesn't Add Up and Measuring What Counts: A New Dashboard for Well-being. He lives in New York City.

Jean-Paul Fitoussi is professor emeritus at the Institut d'Etudes Politiques de Paris (SciencesPo), Paris, and professor at LUISS Guido Carli University, Rome. He is a co-author of Mismeasuring Our Lives and Measuring What Counts and a co-editor of For Good Measure (all published by The New Press). He lives in Paris.

Martine Durand was appointed director of statistics and chief statistician of the OECD in 2010. A co-author of Measuring What Counts: A New Dashboard for Well-being. She lives in Paris.