A year ago, French president Nicolas Sarkozy created the Commission on the Measurement of Economic and Social Progress. Sarkozy believes that economic growth, as measured by GDP, is not a sufficient measurement of our well-being. He has a point. While GDP encompasses myriad economic variables-broadly representing a nation’s income and, hence, economic progress over time-it fails to capture important ingredients of prosperity, such as health, personal freedom, and security. The Sarkozy commission has issued its first report, but it nevertheless fails in some crucial respects.

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• AEI: The OECD’s Study on Health Status Determinant
• Kansas Watchdog — 2010 Commission Report Presents Opposing Perspectives
• The No-Growth Fantasy: Europe’s attack on capitalism — Newsweek
• USA Today: Government benefit spending soars to new high

This entry was posted on Monday, November 9th, 2009 at 12:46 pm and is filed under National. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.