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Stiglitz, Sen and Fitoussi
Jean-Paul Fitoussi,Joseph Stiglitz,                                   CoordinatorPresident           Amartya Sen,         ...
1. The measurement process is wrong2. Debates about the right concepts to use3. Current statistics may not capture certain...
“The welfare of a nation can scarcely beinferred from a measure of national income.”
Current      Sustainabilitylevels of    of thesewell-being   levels
It is dangerous to confuse GDP with well-beinglook       income          and       consumptionemphasize the household pers...
Trends in people’s living standards are better followed through measures of household income and consumptionlook   income ...
If a household spends its wealth on consumptions goods, they improve their short-term well-being at the expense of its fut...
Too often rely on average measureslook income and consumption emphasize the householdperspective consider income with an e...
There have been major changes to how households and societies functionlook income and consumption emphasize the householdp...
2 PARENTS 2 CHILDREN $50K PER YEAR 1 WORKS
2 PARENTS 2 CHILDREN $50K PER YEAR 2 WORK
1. Subjective well-being2. Capabilities approach3. Fair allocations approach
These include the length and the quality of people’s liveshealth      education personal activities including workpolitica...
Education matters for quality of life in ways that are independent of incomehealth education personal activities including...
We need to understand paid work, unpaid work, commuting time and leisure timehealth education   personal activities includ...
When the political institutions support              and   enable participation they improve quality of lifehealth educati...
The more social connections, the higher life-evaluation, improved health and a better chance of finding a jobhealth educat...
Means more than using our resources sustainablyhealth education personal activities including work politicalvoice and gove...
Can be either personal or economic securityhealth education personal activities including work politicalvoice and governan...
Environment                           Social Health                  connections            Personal            activities...
Stiglitz, Sen & Fitoussi on Well-Being
Stiglitz, Sen & Fitoussi on Well-Being
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Stiglitz, Sen & Fitoussi on Well-Being

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Stiglitz, Sen & Fitoussi on Well-Being

  1. 1. Stiglitz, Sen and Fitoussi
  2. 2. Jean-Paul Fitoussi,Joseph Stiglitz, CoordinatorPresident Amartya Sen, AdvisorNobel Prize(2001), John Nobel PrizeBates Clark (1998)Medal (1979) andVice President ofthe World Bank
  3. 3. 1. The measurement process is wrong2. Debates about the right concepts to use3. Current statistics may not capture certain phenomenon that affect well-being4. The way we use and interpret statistics may be wrong
  4. 4. “The welfare of a nation can scarcely beinferred from a measure of national income.”
  5. 5. Current Sustainabilitylevels of of thesewell-being levels
  6. 6. It is dangerous to confuse GDP with well-beinglook income and consumptionemphasize the household perspective consider incomewith an eye on wealth give prominence to distributionbroaden income measures to non-market activities
  7. 7. Trends in people’s living standards are better followed through measures of household income and consumptionlook income and consumption emphasize thehousehold perspective consider income with aneye on wealth give prominence to distribution broaden incomemeasures to non-market activities
  8. 8. If a household spends its wealth on consumptions goods, they improve their short-term well-being at the expense of its future well-beinglook income and consumption emphasize the householdperspective consider income with an eye onwealth give prominence to distribution broaden incomemeasures to non-market activities
  9. 9. Too often rely on average measureslook income and consumption emphasize the householdperspective consider income with an eye on wealth giveprominence to distribution broaden incomemeasures to non-market activities
  10. 10. There have been major changes to how households and societies functionlook income and consumption emphasize the householdperspective consider income with an eye on wealth giveprominence to broaden income distributionmeasures to non-market activities
  11. 11. 2 PARENTS 2 CHILDREN $50K PER YEAR 1 WORKS
  12. 12. 2 PARENTS 2 CHILDREN $50K PER YEAR 2 WORK
  13. 13. 1. Subjective well-being2. Capabilities approach3. Fair allocations approach
  14. 14. These include the length and the quality of people’s liveshealth education personal activities including workpolitical voice and governance social connections andrelationships environment personal and economicinsecurity
  15. 15. Education matters for quality of life in ways that are independent of incomehealth education personal activities including workpolitical voice and governance social connections andrelationships environment personal and economicinsecurity
  16. 16. We need to understand paid work, unpaid work, commuting time and leisure timehealth education personal activities includingwork political voice and governance social connections andrelationships environment personal and economic insecurity
  17. 17. When the political institutions support and enable participation they improve quality of lifehealth education personal activities including work politicalvoice and governance social connections andrelationships environment personal and economic insecurity
  18. 18. The more social connections, the higher life-evaluation, improved health and a better chance of finding a jobhealth education personal activities including work political voice social connections andand governancerelationships environment personal and economicinsecurity
  19. 19. Means more than using our resources sustainablyhealth education personal activities including work politicalvoice and governance social connections and relationshipsenvironment personal and economic insecurity
  20. 20. Can be either personal or economic securityhealth education personal activities including work politicalvoice and governance social connections and relationships personalenvironment and economicinsecurity
  21. 21. Environment Social Health connections Personal activitiesEducation Insecurity Political voice

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