There are essentially four approaches to constructing a better measure than GDP of whether the nation is making true progress in improving wellbeing; adjusting GDP to make it more suitable, replacing it with a ‘dashboard’ of alternative indicators, weighting these alternative indicators to form a composite indicator, and using peoples’ own reported assessments of their well-being.
|Title of host publication||Measuring and Promoting Wellbeing: How Important is Economic Growth?|
|Subtitle of host publication||Essays in honour of Ian Castles AO and a selection of Castles' papers|
|Editors||Andrew Podger, Dennis Trewin|
|Place of Publication||Canberra, Australia|
|Number of pages||18|
|Publication status||Published - 2014|
|Name||Australia and New Zealand School of Government (ANZSOG) Series|